- USD/ZAR is currently trading around 14.76 levels.
- It made intraday high at 14.77 and low at 14.71 levels.
- Intraday bias remains neutral for the moment.
- A daily close below 14.72 will drag the parity down towards key support at 14.64 (March 31, 2016 low) and 14.43(20D EMA) levels respectively.
- Alternatively, current upward trend will take the parity higher towards key resistances around 14.98, 15.17, 15.61, 15.86(February 29, 2016 high) and 16.15 marks respectively.
- Important to note here that 20D, 30D and 55D EMA are about to crossover in near time frame. In such scenario, South African rand likely to strengthens against US dollar.
We prefer to take short position in USD/ZAR around 14.82, stop loss 14.98 and target 14.44/ 14.18 marks.


FxWirePro- Major European Indices
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD pauses decline,critical support lies ahead
FxWirePro: USD/JPY slips as yen gains ahead of BOJ meet
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level
CAD/JPY Dips on Soft Canadian CPI: Buy the Dip to 115?
EUR/JPY Retreats: Yen Strength Caps Rally, Bearish Bias Intact Below 183.15
FxWirePro: AUD/USD dips on soft China data
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path
Yen Strikes Back: AUD/JPY Retreats as BOJ Policy Looms – Sell on Rallies to 100
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting
NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00 



