- USD/ZAR is currently trading around 12.95 levels.
- It made intraday high at 12.96 and low at 12.87 levels.
- Intraday bias remains neutral till the time pair holds key resistance at 12.95 mark.
- A daily close above 12.95 will take the parity higher towards key resistances around 13.07, 13.13, 13.22, 13.30, 13.52, 13.62, 13.70 and 13.90 ma markets respectively.
- Alternatively, a daily close below 12.95 will drag the parity down towards key supports at 12.82, 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.
We prefer to take short position on USD/ZAR around 12.98 mark, stop loss 13.07 and target of 12.70.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
AUDJPY Bears Poised: Sell Rallies at 111.55 for 108 Target with 112.20 Stop
FxWirePro- Major Pair levels and bias summary
FxWirePro : USD/CAD falls as strong Canadian jobs data lifts loonie
FxWirePro: GBP/USD eases as dollar firms ahead of U.S. June non-farm payrolls report
NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop
FxWirePro: USD/ZAR gains some ground, but downtrend remains
Gold Hits 6-Week High: Buy Dips at $4220 as Bullish Momentum Eyes $4400 Breakout
EURUSD Bulls Charge Higher: Buy Dips at 1.1528 as EMA Alignment Eyes Break Above 1.1560
FxWirePro: AUD/USD eases as investors await U.S. employment figures
FxWirePro: NZD/USD retreats as Middle East instability weighs
Bitcoin Reclaims $65,000 as Easing Geopolitical Tensions Fuel Risk-On Rally
Major Pair Currency Score: NZD/USD and AUD/USD Lead Forex Rally with Perfect 100 Scores
EURGBP Bears Break Trendline: Sell Rallies at 0.8578 as Support Breach Eyes 0.8450 Slide 



