- USD/ZAR is currently trading around 12.91 levels.
- It made intraday high at 12.98 and low at 12.85 levels.
- Intraday bias remains neutral till the time pair holds key support at 12.83 marks.
- A daily close above 12.92 will take the parity higher towards key resistances around 13.07, 13.20, 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 12.92 will drag the parity down towards key supports at 12.83, 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.
We prefer to take short position in USD/ZAR only below 12.83, stop loss at 13.07 and target of 12.70.


Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD under pressure as key support gives way
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
FxWirePro: AUD/USD retreats slightly but trend is still bullish
FxWirePro: USD/ZAR edges lower ,investors remain on edge
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/JPY holding bid into weekend
NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally
FxWirePro- Major European Indices
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 



