UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210? 
FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk 
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop 
FxWirePro- Major European Indices 
FxWirePro- Major Crypto levels and bias summary 
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout 
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 
FxWirePro: GBP/USD steadies ahead key data, BoE event risk 
Yen Strikes Back: AUD/JPY Retreats as BOJ Policy Looms – Sell on Rallies to 100 
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption 
FxWirePro: AUD/USD dips on soft China data 
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints 
FxWirePro: USD/CNY outlook weaker on renewed downside pressure 
FxWirePro: NZD/USD consolidates around 0 .5810,room for further gains 
FxWirePro- Woodies Pivot(Major) 
- USD/ZAR is currently trading around 14.72 levels.
- It made intraday high at 14.77 and low at 14.70 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 14.96 marks.
- A daily close above 14.96 will take the parity higher towards key resistances around 15.05, 15.28, 15.45, 15.66, 15.77, 15.86(February 29, 2016 high) and 16.15 marks respectively.
- Alternatively, a daily close below 14.70 will drag the parity down towards key supports at 14.53,1 4.43(20D EMA), 14.28, 14.19 (May 03, 2016 low) and 13.91 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend. Current upside movement is short term trend correction only.
We prefer to take short position on USD/ZAR only below 14.70 with stop loss at 14.96 and target 14.53/ 14.28 marks respectively.
