- USD/ZAR is currently trading around 12.40 levels.
- It made intraday high at 12.42 and low at 12.31 levels.
- Intraday bias remains bullish till the time pair holds key support at 12.20 mark.
- A daily close above 12.32 will take the parity higher towards key resistances around 12.45, 12.61, 12.77 and 12.90 marks respectively.
- Alternatively, a daily close below 12.32 will drag the parity down towards key supports at 12.20, 12.02, 11.94, 11.84, 11.70, 11.62 and 11.53 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to take long position on USD/ZAR around 12.38, stop loss at 12.25 and target of 12.77.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
AUD/JPY Outlook: Bullish Trend Intact Despite US-Iran Diplomatic Stalls
FxWirePro- Major European Indices
FxWirePro: NZD/USD softens on Iran peace talk failure
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
FxWirePro: EUR/AUD under pressure as key support gives way
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
FxWirePro: AUD/USD retreats slightly but trend is still bullish
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
BTC/USD Eyeing 80,000 USD: Bullish Buy-the-Dip Opportunity Amid Geopolitical Friction
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD biased higher but rally currently stretched
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
FxWirePro: GBP/AUD gains some upside momentum but still bearish 



