- USD/ZAR is currently trading around 13.35 levels.
- It made intraday high at 13.37 and low at 13.23 levels.
- Intraday bias remains neutral till the time pair holds key resistance at 13.44 marks.
- A daily close above 13.28 will take the parity higher towards key resistances around 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 13.28 will drag the parity down towards key supports at 13.20, 12.95, 12.70, 12.48, 12.30, 12.22 and 12.14 levels respectively.
- South Africa will release CPI, core CPI data at 0800 GMT.
We prefer to take short position in USD/ZAR around 13.38, stop loss at 13.23 and target of 12.95/12.70.


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