- USD/ZAR is currently trading around 12.92 levels.
- It made intraday high at 13.01 and low at 12.91 levels.
- Intraday bias remains neutral for the moment.
- A daily close above 12.97 will take the parity higher towards key resistances around 13.05, 13.14, 13.23, 13.31, 13.42, 13.58, 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 12.97 will drag the parity down towards key supports at 12.75, 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.
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.


FxWirePro: NZD/USD consolidates around 0 .5810,room for further gains
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro: USD/JPY caught in narrow range, bias bearish
FxWirePro: GBP/AUD recovers slightly but bears are not done yet
FxWirePro: GBP/USD dips on UK GDP data miss
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro: GBP/AUD gives up early gains after UK GDP shock
FxWirePro: GBP/NZD gains some upside momentum but still bearish
Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900
FxWirePro: EUR/AUD moves higher following downbeat Australian jobs report
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
NZDJPY Poised to Pop: Buy-the-Dip Setup Above Key 90 Support
FxWirePro- Major European Indices
AUDJPY Range Play: Hold 102.95 Support, Target 105 on Breakout 



