Wednesday, November 11, 2026

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FxWirePro: USD/ZAR faces strong resistance by cloud base at 13.1161, good to sell rallies

USD/ZAR slight bounce out of last week's 13.03 low was quickly sold off, and the pair slipped back below 13.03 levels Inability of price to hold cloud break on Friday reinforces control with the bears, more downside like…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

  • USD/ZAR slight bounce out of last week's 13.03 low was quickly sold off, and the pair slipped back below 13.03 levels 

  • Inability of price to hold cloud break on Friday reinforces control with the bears, more downside likely 

  • Price now looks pressured by the daily cloud at 13.1161, dips till 12.93 levels possible, but caution advised as price in oversold territory 

  • Convincing breaks above cloud base could buoy bulls, bearish invalidation then above 13.20 levels 

  • USD/ZAR is currently trading at 13.0200, with strong resistance at 13.1161 (cloud base) and support by 13.00 levels

Recommendation: Good to sell rallies around 13.090 levels: SL: 13.1050, TP: 13.00

Resistance Levels:

R1: 13.1161 (cloud base) 

R2: 13.1623 (Daily High Oct 16)

R3: 13.2772 (10-Day MA)

Support levels:

S1: 12.9900 (Daily Low Aug 27)

S2: 12.9810 (Daily Low Aug 25)

S3: 12.9655 (Daily Low Aug 24)

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By FxWirePro Team