- USD/ZAR is currently trading around 11.88 levels.
- It made intraday high at 11.90 and low at 11.82 levels.
- Intraday bias remains neutral for the movement.
- A daily close above 11.95 will take the parity higher towards key resistances around 12.04, 12.15, 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. Current upside movement is short term trend correction only.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: GBP/NZD slips amid prolonged geopolitical uncertainty
FxWirePro: NZD/USD firms as Q1 NZ CPI runs hotter than expected
Aussie Retreat: AUDJPY Sees Minor Profit-Taking After Touching Multi-Year Peak
FxWirePro: GBP/NZD bears gain momentum awaiting Mideast Geopolitical clarity
FxWirePro: USD/JPY edges higher as yen weakens on BOJ policy uncertainty
Yen Under Siege: NZDJPY Bulls Eye 96.00 Amid Broad Japanese Weakness
FxWirePro: USD/CAD dips as weaker dollar gives bears some traction
FxWirePro- Major Crypto levels and bias summary
Institutional Whale Surge: ETHUSD Trends Higher as Bitmine Amasses 4.97 Million Ether
FxWirePro: GBP/USD dips as strong U.S. data boosts greenback
FxWirePro: GBP/AUD drifts lower could be on verge of bigger drop
NZDJPY Technical Outlook: Bullish Momentum Drives Kiwi Toward 96.00 Target
FxWirePro: USD/CAD shows upside momentum, but bearish outlook remains
FxWirePro: USD/CNY edges lower, set to stay on back foot
FxWirePro- Woodies Pivot(Major)
FxWirePro: AUD/USD stalls as uncertainty around the U.S.-Iran outlook peace talks weighed on risk sentiment 



