- USD/ZAR is currently trading around 13.14 levels.
- It made intraday high at 13.16 and low at 13.11 levels.
- Intraday bias remains bullish till the time pair holds key support at 12.95 mark.
- A daily close above 13.13 will take the parity higher towards key resistances around 13.22, 13.30, 13.52, 13.62, 13.70 and 13.90 ma markets respectively.
- Alternatively, a daily close below 13.13 will drag the parity down towards key supports at 12.95, 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. Current upside movement is short term trend correction only.
- South Africa will release current account data at 0800 GMT.
We prefer to take long position on USD/ZAR only above 13.22 mark, stop loss 12.95 and target of 13.52.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro- Major Crypto levels and bias summary
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro- Major European Indices
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro: NZD/USD downside pressure builds, key support level in focus
FxWirePro- Woodies Pivot(Major)
FxWirePro-Major European Indices
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
FxWirePro: EUR/NZD edges lower but bullish outlook persists
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100 



