- 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.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD edges lower but bullish outlook persists
ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000?
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
FxWirePro: GBP/NZD remains bullish as rally continues
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
CAD/JPY Dips on Soft Canadian CPI: Buy the Dip to 115?
FxWirePro- Major European Indices
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting
FxWirePro- Woodies Pivot(Major) 



