- USD/ZAR is currently trading around 13.72 levels.
- It made intraday high at 13.77 and low at 13.72 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 14.11 mark.
- A daily close above 13.75 will take the parity higher towards key resistances around 13.94, 14.11, 14.23, 14.45, 14.51, 14.57, 14.68 and 14.77 marks respectively.
- Alternatively, a daily close below 13.75 will drag the parity down towards key supports at 13.70, 13.46, 13.38, 13.20, 13.01, 12.96, 12.87, 12.70, 12.48, 12.30, 12.22 and 12.14 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
We prefer to take short position on USD/ZAR around 13.75, stop loss 13.94 and target of 13.46 mark.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level
FxWirePro- Major European Indices
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR attracts selling interest, could be on verge of a bigger drop
FxWirePro: NZD/USD downside pressure builds, key support level in focus
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 



