- USD/ZAR is currently trading around 13.63 levels.
- It made intraday high at 13.69 and low at 13.60 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 13.74 mark.
- A daily close above 13.74 will take the parity higher towards key resistances around 13.85, 13.99, 14.12, 14.28 and 14.57 marks respectively.
- Alternatively, a daily close below 13.67 will drag the parity down towards key supports at 13.50, 13.38, 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 standard bank PMI data at 0715 GMT.
We prefer to take long position on USD/ZAR only above 13.70, stop loss 13.50 and target of 13.99.


FxWirePro: NZD/USD maintains bullish bias with focus on 0.5900
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY extends fall as yen rises on intervention fears
NZDJPY: Bearish Signals Sell-on-Rally Opportunity Below 92
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro- Major US Indices
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD loses momentum but bullish setup remains
FxWirePro: AUD/USD firms on hawkish RBA meeting minutes
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path 



