- USD/ZAR is currently trading around 13.41 levels.
- It made intraday high at 13.61and low at 13.23 levels.
- Intraday bias remains bullish till the time pair holds key support at 12.95 marks.
- A daily close above 13.28 will take the parity higher towards key resistances around 13.41, 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 and 15.45 marks respectively.
- Alternatively, a daily close below 13.28 will drag the parity down towards key supports at 13.17, 12.95, 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. Current upside movement is short term trend correction only.
- South Africa’s Feb repo rate stays flat at 7.00 % (forecast 7.00 %) vs previous 7.00 %.
- South Africa’s Feb prime rate stays flat at 10.50 % vs previous 10.50 %.
We prefer to take long position in USD/ZAR around 13.35, stop loss at 13.18 and target of 13.65/13.77.


FxWirePro: AUD/USD firms as Australian household spending records sharp jump
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption
NZDJPY Eyes Higher Ground: Buy the Dips as Bulls Defend 88.70 Support
AUDJPY Eyes New Highs: Bulls Hold 102 Support, Target 104
Yen Storm Hits EURJPY: Crashes Below 181 – Sell the Bounce Intraday! Target 179.50 with Tight Stop Above 181.45
NZDJPY Eyes Breakout: Buy the Dip as Bulls Guard 88.70
FxWirePro: AUD/USD consolidates gains ,remains on positive footing
FxWirePro- Woodies Pivot(Major)
FxWirePro: NZD/USD sustains gains as uptrend remains strong
FxWirePro: USD/CAD downside pressure builds, key support level in focus
FxWirePro: USD/JPY dips below lower range, bearish bias increases
Dollar Crumbles on Dovish Fed Bets – USD/CHF Eyes 0.7865 Next
FxWirePro: EUR/AUD poised for further downside after key fibo break
GBPJPY Bulls on Guard: Buy the Dip at 206 as Support Holds Firm – Target 208 in Sight 



