- USD/ZAR is currently trading around 12.98 levels.
- It made intraday high at 13.02 and low at 12.92 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 13.17 marks.
- A daily close above 12.95 will take the parity higher towards key resistances around 13.17, 13.26, 13.43, 13.50, 13.59, 13.65, 13.77, 13.85, 13.96, 14.16, 14.29, 14.50, 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 12.95 will drag the parity down towards key supports at 12.88, 12.70 and 12.58 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 go short on USD/ZAR only below 12.95, stop loss at 13.17 and target of 12.70.


FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: GBP/USD climbs above 1.34 after BoE's relatively hawkish cut
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro:GBP/NZD recovers ground after early dip, bias bullish
GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: AUD/USD struggle to extend its recovery,good to sell on rally
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision
FxWirePro- Major Pair levels and bias summary
AUD/JPY Stalls Ahead of BOJ Decision: Sell on Rallies as Bearish Bias Holds Below 103.70
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: EUR/NZD steadies ahead of ECB meeting 



