- USD/ZAR is currently trading around 11.57 levels.
- It made intraday high at 11.55 and low at 11.62 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 11.82 mark.
- A daily close above 11.61 will take the parity higher towards key resistances around 11.82, 12.02, 12.20, 12.32, 12.45, 12.61, 12.77 and 12.90 marks respectively.
- Alternatively, a daily close below 11.61 will drag the parity down towards key supports at 11.62, 11.55 and 11.24 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 on USD/ZAR around 11.60, stop loss at 11.82 and target of 11.24 mark.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: GBP/USD edges higher as markets track U.S.-Iran talks and oil moves
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD supported by UK services recovery and dollar weakness
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD grinds higher amid risk appetite revival
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro : USD/JPY slips as Yen firms on further Intervention talk
FxWirePro: EUR/AUD gains slightly, but downward resumption looks likely
FxWirePro: NZD/USD eases as NZ unemployment surges in Q2
FxWirePro: GBP/NZD downtrend extends, remains on bearish path
FxWirePro: USD/ZAR extends decline, scope for further downside
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR faces downside pressure with 38.2%fib support in focus
Major Pair Currency Scores: GBPUSD, USDCAD, AUDUSD & NZDUSD Lead as Top Bullish Pairs to Watch
FxWirePro- Woodies pivot (Major) 



