- USD/ZAR is currently trading around 14.23 levels.
- It made intraday high at 14.26 and low at 14.20 levels.
- Intraday bias remains neutral till the time pair holds key resistance at 14.27 mark.
- A daily close above 14.25 will take the parity higher towards key resistances around 14.38, 14.50, 14.64 and 14.94 marks respectively.
- Alternatively, a daily close below 14.25 will drag the parity down towards key supports at 14.02, 13.93, 13.78, 13.70 and 13.50 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- South Africa will release current account data at 0900 GMT.
We prefer to take long position on USD/ZAR only above 14.27, stop loss at 14.15 and target of 14.50.


FxWirePro: NZD/USD jumps after US and Iran agree preliminary deal
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent?
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/ USD strongly bearish despite upside attempts
FxWirePro: USD/ZAR edges higher, set to stay on back foot
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one 



