- USD/ZAR is currently trading around 14.35 levels.
- It made intraday high at 14.36 and low at 14.15 levels.
- Intraday bias remains bullish for the moment.
- A daily close above 14.37 will take the parity higher towards key resistances around 14.50, 14.78 and 14.99 marks respectively.
- Alternatively, a daily close below 14.09 will drag the parity down towards key supports at 13.94, 13.72 and 13.53 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
We prefer to take long position on USD/ZAR around 14.30, stop loss at 14.15 and target of 14.50/14.78.


FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro- Major Crypto levels and bias summary
CAD/JPY Dips on Soft Canadian CPI: Buy the Dip to 115?
FxWirePro: GBP/AUD gives up early gains after UK GDP shock
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop
NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout
FxWirePro: USD/CAD pauses decline,critical support lies ahead
FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
EUR/JPY Retreats: Yen Strength Caps Rally, Bearish Bias Intact Below 183.15
FxWirePro: USD/JPY slips as yen gains ahead of BOJ meet 



