- USD/ZAR is currently trading around 12.96 levels.
- It made intraday high at 12.96 and low at 12.88 levels.
- Intraday bias remains neutral for the moment.
- A daily close above 12.96 will take the parity higher towards key resistances around 13.13, 13.22, 13.30, 13.52, 13.62, 13.70, 13.95, 14.16, 14.29, 14.50, 14.75, 14.96, 15.05, 15.28 and 15.45 ma markets respectively.
- Alternatively, a daily close below 12.96 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. Current upside movement is short term trend correction only.
We prefer to take long position on USD/ZAR only above 13.02 mark, stop loss 12.92 and target of 13.22.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally
FxWirePro: USD/ZAR recovers slightly but trend is 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: GBP/USD biased higher but rally currently stretched
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
FxWirePro: GBP/AUD gains some upside momentum but still bearish 



