- USD/ZAR is currently trading around 13.25 levels.
- It made intraday high at 13.28 and low at 13.23 levels.
- Intraday bias remains neutral till the time pair holds key support at 13.23 marks.
- A daily close above 13.26 will take the parity higher towards key resistances around 13.37, 13.44, 13.58, 13.75, 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 13.26 will drag the parity down towards key supports at 13.12, 12.95, 12.70, 12.48, 12.30, 12.22 and 12.14 levels respectively.
- Yesterday South Africa released CPI, core CPI data.
- South Africa’s March CPI y/y decreases to 6.1 % (forecast 6.30 %) vs previous 6.3 %.
- South Africa’s March CPI m/m decrease to 0.6 % (forecast 0.90 %) vs previous 1.10 %.
- South Africa’s March core inflation m/m decrease to 0.7 % (forecast 1.1 %) vs previous 1.1 %.
We prefer to take short position in USD/ZAR only below 13.23, stop loss at 13.37 and target of 12.95/12.70.


Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
FxWirePro: USD/ZAR recovers slightly but trend is still bearish
Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout
FxWirePro: GBP/USD biased higher but rally currently stretched
FxWirePro: GBP/AUD gains some upside momentum but still bearish
NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally
FxWirePro- Major European Indices
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major)
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
FxWirePro: USD/JPY holding bid into weekend
FxWirePro: GBP/USD bulls remain cautiously optimistic
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows 



