- USD/ZAR is currently trading around 14.09 levels.
- It made intraday high at 14.14 and low at 14.08 levels.
- Intraday bias remains bearish for the moment.
- A daily close above 14.50 will take the parity higher towards key resistances around 14.70, 14.94, 15.02, 15.22, 15.40, 15.70, 15.92 and 16.10 marks respectively.
- Alternatively, a daily close below 14.12 will drag the parity down towards key supports at 14.02, 13.83, 13.65 and 13.47 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- South Africa will release trade balance data around 1200 GMT.
We prefer to take short position on USD/ZAR around 14.12, stop loss at 14.30 and target of 14.02/13.83.


FxWirePro: GBP/AUD bulls gain momentum on hot U.S. Jobs data
Sterling's Shine Fades: GBPJPY Sell-on-Rally Setup Targets 210.40 Breakdown
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro: GBP/AUD eases slightly but trend is still bullish
FxWirePro- Woodies pivot (Major)
NZDJPY Bearish Reversal Intact: Triple EMA Stack Signals Sell-on-Rallies Play Toward 90.50
FxWirePro: USD/JPY holds firm despite concerns over possible currency intervention
FxWirePro: AUD/USD holds narrow range, focus on near-term support
EURJPY Dips on NFP Firepower But Stays Bullish Above 184—Load Up Near 185 for a Run to 188
NFP Shockwave Wipes Out EURUSD Gains as King Dollar Roars Back; Bears Target 1.1525
FxWirePro: EUR/ NZD bulls gain momentum,eyes level 2.0000
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/ NZD consolidating around 1.9855, room for further gains
FxWirePro: GBP/NZD climbs as robust U.S. employment figures triggers renewed buying interest.
FxWirePro: EUR/AUD jumps as payrolls surprise fuels upside
FxWirePro: GBP/USD hovers near three week low, bearish outlook remains 



