- USD/ZAR is currently trading around 13.07 levels.
- It made intraday high at 13.08 and low at 12.90 levels.
- Intraday bias remains bullish for the moment.
- A daily close above 12.99 will take the parity higher towards key resistances around 13.15, 13.33, 13.50, 13.59, 13.65, 13.77, 13.85, 13.96, 14.16, 14.29, 14.50, 14.75, 14.96, 15.05, 15.28 and 15.45 marks respectively.
- Alternatively, a daily close below 12.99 will drag the parity down towards key supports at 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's finance minister Gordhan returned to Johannesburg from investor road show abroad after ordered to do so by President Zuma.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.


FxWirePro: EUR/ AUD neutral in the near term, scope further downside
FxWirePro- Woodies pivot (Major)
FxWirePro : EUR/NZD slips lower after soft US jobs report
NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop
FxWirePro: USD/ZAR gains some ground, but downtrend remains
FxWirePro: EUR/AUD slips after surprise U.S. employment data
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY holds tight range ahead of key U.S. payrolls data
FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD retreats as Middle East instability weighs
FxWirePro : USD/CAD falls as strong Canadian jobs data lifts loonie
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY slips as strong China exports data Lift yuan
FxWirePro: GBP/AUD under pressure after disappointing U.S. employment data
EURGBP Bears Break Trendline: Sell Rallies at 0.8578 as Support Breach Eyes 0.8450 Slide
FxWirePro- Major Pair levels and bias summary 



