- USD/ZAR is currently trading around 12.85 levels.
- It made intraday high at 12.93 and low at 12.84 levels.
- Intraday bias remains neutral till the time pair holds key resistance at 12.95 mark.
- A daily close above 12.86 will take the parity higher towards key resistances around 12.95, 13.00, 13.14, 13.23, 13.31, 13.42, 13.58, 13.70, 13.95, 14.16, 14.29, 14.50, 14.75, 14.96, 15.05, 15.28 and 15.45 marks respectively.
- Alternatively, a daily close below 12.86 will drag the parity down towards key supports at 12.75, 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 in USD/ZAR around 12.88, stop loss at 13.02 and target of 12.75/12.55.


FxWirePro: USD/ZAR edges lower ,investors remain on edge
FxWirePro: USD/CAD extends decline on broad dollar weakness
FxWirePro: EUR/AUD under pressure as key support gives way
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR recovers slightly but trend is still bearish
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
FxWirePro- Major European Indices
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD gains some upside momentum but still bearish
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
FxWirePro: USD/JPY holding bid into weekend
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro: GBP/USD biased higher but rally currently stretched
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level 



