- USD/ZAR is currently trading around 13.97 levels.
- It made intraday high at 14.06 and low at 13.93 levels.
- Intraday bias remains bullish till the time pair holds key support at 13.88 marks.
- A daily close above 13.96 will take the parity higher towards key resistances around 14.08, 14.17, 14.50, 14.75, 14.96, 15.05, 15.28, 15.45, 15.66, 15.77, 15.86(February 29, 2016 high) and 16.15 marks respectively.
- Alternatively, a daily close below 13.88 will drag the parity down towards key supports at 13.70, 13.57, 13.31, 13.19, 13.01, 12.82 and 12.58 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.


FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro: USD/CAD pauses decline,critical support lies ahead
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting
FxWirePro: EUR/NZD edges lower but bullish outlook persists
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
FxWirePro- Major European Indices
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
FxWirePro: GBP/NZD remains bullish as rally continues
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data 



