- USD/ZAR is currently trading around 13.55 levels.
- It made intraday high at 13.65 and low at 13.53 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 13.90 marks.
- A daily close above 13.96 will take the parity higher towards key resistances around 14.08, 14.15, 14.50, 14.75, 14.96, 15.05, 15.28, 15.45, 15.66, 15.77, 15.86(February 29, 2016 high) and 16.15 marks respectively.
- Alternatively, a daily close below 13.60 will drag the parity down towards key supports at 13.45, 13.31, 13.19, 13.01, 12.82 and 12.58 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 in USD/ZAR around 13.60, stop loss at 13.90 and target of 13.45/13.31.


FxWirePro: USD/CNY drifts lower, vulnerable to more downside
FxWirePro- Woodies Pivot(Major)
Aussie Ascent: AUDJPY Reclaims 110.00 as Bullish Momentum Ignites
FxWirePro: GBP/NZD remains buoyant, looks to extend gains
FxWirePro: USD/JPY edges up as yen dips after soft household spending data
GBPJPY Surges to 211.88: Sterling Bulls Target 215 Amid Broad-Based Buying
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major European Indices
FxWirePro: EUR/ NZD consolidating around 2.0180 room for further gains
FxWirePro- Major European Indices
Kiwi Under Pressure: NZDJPY Signals Bearish Turn as Resistance at 92.00 Holds Firm
NZDJPY Bearish Breakdown: Why Selling the Rallies is the Strategic Play
Bitcoin's Tug-of-War: Bulls Eye 80,000 USD Despite Turbulent ETF Outflows
FxWirePro:NZD/USD remains vulnerable as Trump's latest deadline leaves investors on edge 



