- USD/ZAR is currently trading around 11.88 levels.
- It made intraday high at 11.96 and low at 11.87 levels.
- Intraday bias remains neutral till the time pair holds key support at 11.82 mark.
- A daily close above 11.91 will take the parity higher towards key resistances around 12.02, 12.25, 12.32, 12.45, 12.61, 12.77 and 12.90 marks respectively.
- Alternatively, a daily close below 11.82 will drag the parity down towards key supports at 11.73, 11.55 and 11.24 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take short position on USD/ZAR only below 11.82, stop loss at 12.02 and target of 11.55.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
FxWirePro: NZD/USD firms on RBNZ rate hike expectations
Sterling Surge: GBPJPY Rebounds from Fibonacci Support as Yen Weakness Persists
Institutional Whale Surge: ETHUSD Trends Higher as Bitmine Amasses 4.97 Million Ether
FxWirePro- Woodies Pivot(Major)
AUD/USD firms slightly ahead US-Iran Peace talks
FxWirePro: GBP/NZD slips amid prolonged geopolitical uncertainty
FxWirePro: EUR/AUD dips below lower range, bearish bias increases
FxWirePro: USD/CAD shows upside momentum, but bearish outlook remains
FxWirePro: GBP/AUD drifts lower could be on verge of bigger drop
Solana at a Crossroads: Triple Bottom Support Offers Lifeline for SOL Bulls
FxWirePro- Major Crypto levels and bias summary
Bitcoin Rises on Diplomatic Hopes: Bulls Eye $85,000 Ahead of Ceasefire Talks
FxWirePro: AUD/USD stalls as uncertainty around the U.S.-Iran outlook peace talks weighed on risk sentiment
FxWirePro- Major Pair levels and bias summary
NZDJPY Technical Outlook: Bullish Momentum Drives Kiwi Toward 96.00 Target
FxWirePro: USD/CAD dips as weaker dollar gives bears some traction 



