- USD/ZAR is currently trading around 14.13 levels.
- It made intraday high at 14.43 and low at 14.05 levels.
- Intraday bias remains slightly bearish for the moment.
- A daily close above 14.42 will take the parity higher towards key resistances around 14.72, 15.00, 15.44, 15.98 and 16.24 marks respectively.
- Alternatively, a daily close below 14.42 will drag the parity down towards key supports at 14.05, 13.65, 13.50, 13.40, 13.22, 13.10, 12.99 and 12.70 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
We prefer to take long position on USD/ZAR only above 14.44, stop loss 14.00 and target of 15.00.


BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro- Major Crypto levels and bias summary
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro- Major Crypto levels and bias summary
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro- Major European Indices
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike 



