- USD/ZAR is currently trading around 12.74 levels.
- It made intraday high at 12.78 and low at 12.73 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 12.82 mark.
- A daily close above 12.82 will take the parity higher towards key resistances around 12.95, 13.14, 13.21, 13.31, 13.42, 13.58, 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 12.82 will drag the parity down towards key supports at 12.67, 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.
We prefer to take short position in USD/ZAR only below 12.72, stop loss at 12.95 and target of 12.48.


FxWirePro: USD/JPY caught in narrow range, bias bearish
FxWirePro: EUR/NZD shows upside momentum, but bearish outlook remains
FxWirePro- Major European Indices
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210?
Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900
NZDJPY Poised to Pop: Buy-the-Dip Setup Above Key 90 Support
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD hovers near three –month high, scope for further upside
FxWirePro- Major European Indices
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD recovers slightly but bears are not done yet
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop 



