FxWirePro: GBP/NZD remains buoyant, looks to extend gains 
FxWirePro- Major Pair levels and bias summary 
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FxWirePro- Major European Indices 
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook 
FxWirePro: GBP/USD outlook weaker on renewed downside pressure 
FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone 
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FxWirePro: USD/CNY gains some ground but bearish outlook persists 
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- USD/ZAR is currently trading around 14.29 levels.
- It made intraday high at 14.35 and low at 14.28 levels.
- Intraday bias remains neutral for the moment.
- A daily close above 14.46 will take the parity higher towards key resistances around 14.62, 14.75, 14.96, 15.05, 15.28, 15.45, 15.66, 15.77, 15.86(February 29, 2016 high) and 16.15 marks respectively.
- Alternatively, a daily close
below 14.17 will drag the parity down towards key supports at 13.91, 13.68, 13.26 and 13.00 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
