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FxWirePro- Major Pair levels and bias summary 
FxWirePro- Major Pair levels and bias summary 
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- USD/ZAR is currently trading around 13.37 levels.
- It made intraday high at 13.42 and low at 13.36 levels.
- Intraday bias remains slightly bearish for the moment.
- A daily close above 13.40 will take the parity higher towards key resistances around 13.50, 13.70, 13.99, 14.12, 14.28 and 14.57 marks respectively.
- Alternatively, a daily close below 13.40 will drag the parity down towards key supports at 13.22, 13.16, 12.99, 12.70, 12.51 and 12.40 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.
- South Africa will release business confidence index data at 0930 GMT.
We prefer to take short position on USD/ZAR around 13.40, stop loss 13.50 and target of 13.22.
