- USD/ZAR is currently trading around 14.30 levels.
- It made intraday high at 14.34 and low at 14.21 levels.
- Intraday bias remains neutral till the time pair holds immediate support at 14.20 mark.
- A daily close above 14.28 will take the parity higher towards key resistances around 14.50, 14.70, 14.94, 15.06, 15.22 and 15.32 marks respectively.
- Alternatively, a daily close below 14.28 will drag the parity down towards key supports at 14.17, 14.05 and 13.82 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
We prefer to take short position on USD/ZAR around 14.30, stop loss at 14.50 and target of 14.05/13.82.


FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD firms after upbeat consumer spending data
FxWirePro: GBP/USD slips as dollar rebounds from six-week low
FxWirePro: NZD/USD turns lower as USD regains footing
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness
FxWirePro: USD/CNY edges higher, outlook bearish
FxWirePro: GBP/AUD consolidating around 1.9185, bias is bearish
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro- Major Crypto levels and bias summary
FxWirePro:EUR/NZD downtrend Intact, eyes 1.9500 level
FxWirePro: USD/ZAR gains as weak SA Manufacturing data hits rand
FxWirePro: USD/JPY dips as market assess risk of additional FX intervention.
FxWirePro: GBP/NZD downside pressure builds, key support level in focus
FxWirePro: USD/JPY gains capped as intervention fears keep traders on edge
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD cedes early gains ,outlook bearish 



