- USD/ZAR is currently trading around 13.45 levels.
- It made intraday high at 13.55 and low at 13.45 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 13.62 mark.
- A daily close above 13.55 will take the parity higher towards key resistances around 13.62, 13.70, 13.95, 14.16, 14.29, 14.50, 14.75, 14.96, 15.05, 15.28 and 15.45 marks respectively.
- Alternatively, a daily close below 13.55 will drag the parity down towards key supports at 13.40, 13.30, 13.15, 13.01, 12.95, 12.82, 12.70, 12.48, 12.30, 12.22 and 12.14 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
We prefer to take long position in USD/ZAR around 13.40, stop loss 13.28 and target of 13.62/13.95 mark.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: USD/CNY slips as strong China exports data Lift yuan
FxWirePro: GBP/AUD under pressure after disappointing U.S. employment data
NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop
FxWirePro : EUR/NZD holding below 38.2% fibo ahead of US data
FxWirePro : EUR/NZD slips lower after soft US jobs report
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/AUD slips after surprise U.S. employment data
FxWirePro: AUD/USD eases as investors await U.S. employment figures
FxWirePro: USD/JPY holds tight range ahead of key U.S. payrolls data
FxWirePro- Major Crypto levels and bias summary
EURGBP Bears Break Trendline: Sell Rallies at 0.8578 as Support Breach Eyes 0.8450 Slide
AUDJPY Bears Poised: Sell Rallies at 111.55 for 108 Target with 112.20 Stop
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/ AUD neutral in the near term, scope further downside
FxWirePro- Major Crypto levels and bias summary 



