- USD/ZAR is currently trading around 12.90 levels.
- It made intraday high at 12.91 and low at 12.85 levels.
- Intraday bias remains bearish for the moment.
- A daily close above 12.87 will take the parity higher towards key resistances around 13.14, 13.21, 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 12.87 will drag the parity down towards key supports at 12.67, 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 in USD/ZAR around 12.90, stop loss at 13.14 and target of 12.67.


FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
FxWirePro- Major Pair levels and bias summary
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro: USD/CAD pauses decline,critical support lies ahead
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000?
FxWirePro: GBP/NZD remains bullish as rally continues
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path
FxWirePro- Major Crypto levels and bias summary 



