- USD/ZAR is currently trading around 13.18 levels.
- It made intraday high at 13.29 and low at 13.18 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 13.27 mark.
- A daily close above 13.27 will take the parity higher towards key resistances around 13.40, 13.51, 13.40, 13.62, 13.70 and 13.90 marks respectively.
- Alternatively, a daily close below 13.27 will drag the parity down towards key supports at 13.10, 12.96, 12.87, 12.70, 12.48, 12.30, 12.22 and 12.14 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 on USD/ZAR around 13.23 mark, stop loss 13.40 and target of 12.96.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro- Woodies Pivot(Major)
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro- Major European Indices
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting 



