- USD/ZAR is currently trading around 12.34 levels.
- It made intraday high at 12.34 and low at 12.26 levels.
- Intraday bias remains neutral for the moment.
- A daily close above 12.26 will take the parity higher towards key resistances around 12.50, 12.61, 12.77, 12.90, 13.15, 13.52, 13.75, 13.82, 13.94, 14.11, 14.23, 14.45, 14.51, 14.57, 14.68 and 14.77 marks respectively.
- Alternatively, a daily close below 12.26 will drag the parity down towards key supports at 12.22, 12.14 and 12.01 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take short position on USD/ZAR only below 12.26, stop loss 12.50 and target of 12.01 mark.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


Gold Hits 6-Week High: Buy Dips at $4220 as Bullish Momentum Eyes $4400 Breakout
FxWirePro- Woodies pivot (Major)
FxWirePro: NZD/USD softens despite firm expectations for RBNZ tightening
FxWirePro: GBP/AUD edges lower, bearish outlook persists
EURUSD Bulls Charge Higher: Buy Dips at 1.1528 as EMA Alignment Eyes Break Above 1.1560
Bitcoin Bulls Hold Key EMAs Above $64,000—Is a Rally Toward $70,000 Next?
FxWirePro: USD/CNY edges lower, scope for further downside
FxWirePro: USD/ZAR extends decline, scope for further downside
FxWirePro: GBP/USD eases as dollar firms ahead of U.S. June non-farm payrolls report
Currency Score Alert: GBPUSD, AUDUSD & NZDUSD Top the Charts at 85 – Major Levels to Watch for Bullish Breakouts
EURGBP Bears Break Trendline: Sell Rallies at 0.8578 as Support Breach Eyes 0.8450 Slide
FxWirePro: GBP/USD supported by UK services recovery and dollar weakness
FxWirePro: AUD/USD eases slightly as markets await U.S. Payrolls report
NZDJPY Bears Ready to Strike: Sell Rallies at 93 as EMAs Signal Deeper Slide to 90
FxWirePro- Major Pair levels and bias summary
Crypto Action Bias: BNB/USD Leads Bullish Momentum as Major Pairs Neutralize 



