Thursday, October 15, 2026

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FxWirePro: Go short on USD/ZAR at 14.40 with stop loss at 14.55 and target of 14.16

Pair is currently trading at 14.35 marks. It made intraday high at 14.42 and low at 14.33 levels. Intraday bias remains bearish till the time pair holds key resistance level at 14.65 levels. A sustained break below 14.30…

By Cynthia Firey Eakin
1 min read
FxWirePro: Go short on USD/ZAR at 14.40 with stop loss at 14.55 and target of 14.16
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  • Pair is currently trading at 14.35 marks.
     
  • It made intraday high at 14.42 and low at 14.33 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance level at 14.65 levels.
     
  • A sustained break below 14.30 likely to test key supports at 14.16/13.98/13.68 levels.
     
  • On the other side, reversal from key support will take the parity higher towards 14.64/14.92/ 15.16 marks respectively.

We prefer to take short position in USD/ZAR around 14.40, stop loss 14.55 and target 14.16 levels.

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By FxWirePro Team