- USD/ZAR is currently trading around 14.24 levels.
- It made intraday high at 14.39 and low at 14.20 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 14.40 mark.
- A daily close above 14.37 will take the parity higher towards key resistances around 14.50, 14.78, 14.94, 15.06, 15.22 and 15.32 marks respectively.
- Alternatively, a daily close below 14.27 will drag the parity down towards key supports at 14.20, 14.02, 13.86, 13.68 and 13.56 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to take short position on USD/ZAR around 14.25, stop loss at 14.50 and target of 14.02/13.86.


FxWirePro: USD/JPY dips as market assess risk of additional FX intervention.
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: USD/ZAR gains as weak SA Manufacturing data hits rand
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness
FxWirePro- Woodies pivot (Major)
FxWirePro- Woodies pivot (Major)
DAX & CAC40 Score Perfect 100 Trend, FTSE100 Lags at 85 – Key Levels to Watch on the Perfect Scorers
NZDJPY Bears Stay in Command: Sell Rallies at 92.72-75 Targeting 90 as All EMAs Flash Red
FxWirePro: AUD/USD cedes early gains ,outlook bearish
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist 



