- 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.


FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD advances on steady UK GDP growth
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro-Major European Indices
FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook
FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro- Major US Indices
NZDJPY: Bearish Signals Sell-on-Rally Opportunity Below 92
AUDJPY: Buy-the-Dip Strategy Intact Above 103.80 Despite Profit-Taking Pullback
FxWirePro: USD/CAD slips as oil rally boosts loonie
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro- Major European Indices
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
FxWirePro: NZD/USD maintains bullish bias with focus on 0.5900 



