- USD/ZAR is currently trading around 12.75 levels.
- It made intraday high at 12.77 and low at 12.72 levels.
- Intraday bias remains neutral till the time pair holds key support at 12.75 marks.
- A daily close above 12.75 will take the parity higher towards key resistances around 12.90, 13.01, 13.20, 13.33, 13.50, 13.59, 13.65, 13.77, 13.85, 13.96, 14.16, 14.29, 14.50, 14.75, 14.96, 15.05, 15.28 and 15.45 marks respectively.
- Alternatively, a daily close below 12.75 will drag the parity down towards key supports at 12.62, 12.50, 12.38 and 12.22 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.


FxWirePro : EUR/NZD slips lower after soft US jobs report
NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop
DAX & CAC40 Score Perfect 100: Extremely Bullish With Major Levels to Watch as FTSE100 Hits 80
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD eases as investors await U.S. employment figures
FxWirePro: NZD/USD retreats as Middle East instability weighs
EUR/USD Rockets Past 1.1560 as Soft U.S. Jobs Data Fuel Fed Rate-Cut Surge
Bitcoin Reclaims $65,000 as Easing Geopolitical Tensions Fuel Risk-On Rally
FxWirePro: GBP/AUD eases slightly, focus on near-term support
FxWirePro: USD/CNY slips as strong China exports data Lift yuan
EURGBP Bears Break Trendline: Sell Rallies at 0.8578 as Support Breach Eyes 0.8450 Slide
FxWirePro: EUR/AUD slips after surprise U.S. employment data
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD rises as weak U.S. jobs data pressures dollar
FxWirePro: USD/ZAR gains some ground, but downtrend remains
FxWirePro- Major Crypto levels and bias summary 



