- USD/ZAR is currently trading around 13.93 levels.
- It made intraday high at 13.93 and low at 13.73 levels.
- Intraday bias remains bullish till the time pair holds key support at 13.65 marks.
- A daily close above 13.73 will take the parity higher towards key resistances around 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 13.73 will drag the parity down towards key supports at 13.65, 13.46, 13.20, 12.95, 12.70, 12.48, 12.30, 12.22 and 12.14 levels respectively.
- Fitch downgrades South Africa to 'BB+'; outlook stable.
- Moody's places South Africa's BAA2 ratings on review for downgrade.
- S&P lowered the long-term South Africa national scale rating to 'ZAAA-' FROM 'ZAAAA'.
We prefer to take long position in USD/ZAR around 13.88, stop loss at 13.65 and target of 14.16/14.29.


FxWirePro: GBP/USD bulls remain cautiously optimistic
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR edges lower ,investors remain on edge
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD under pressure as key support gives way
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
FxWirePro: USD/ZAR recovers slightly but trend is still bearish
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom 



