- USD/ZAR is currently trading around 12.96 levels.
- It made intraday high at 13.02 and low at 12.96 levels.
- Intraday bias remains bearish for the moment.
- A daily close above 13.00 will take the parity higher towards key resistances around 13.13, 13.21, 13.30, 13.52, 13.62, 13.70, 13.95, 14.16, 14.29, 14.50, 14.75, 14.96, 15.05, 15.28 and 15.45 marks respectively.
- Alternatively, a daily close below 12.95 will drag the parity down towards key supports at 12.82, 12.70, 12.48, 12.30, 12.22 and 12.14 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 around 13.00 mark, stop loss 13.13 and target of 12.70.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision 



