- USD/ZAR is currently trading around 13.32 levels.
- It made intraday high at 13.42 and low at 13.31 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 13.58 marks.
- A daily close above 13.42 will take the parity higher towards key resistances around 13.48, 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 13.42 will drag the parity down towards key supports at 13.15, 13.03, 12.95, 12.87, 12.70, 12.48, 12.30, 12.22 and 12.14 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to take short position in USD/ZAR around 13.35, stop loss at 13.50 and target of 13.03.


Major Pair Currency Score: NZD/USD and AUD/USD Lead Forex Rally with Perfect 100 Scores
FxWirePro: GBP/AUD eases slightly, focus on near-term support
FxWirePro : EUR/NZD holding below 38.2% fibo ahead of US data
EUR/USD Rockets Past 1.1560 as Soft U.S. Jobs Data Fuel Fed Rate-Cut Surge
FxWirePro: USD/CNY slips as strong China exports data Lift yuan
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD eases as investors await U.S. employment figures
FxWirePro: USD/JPY holds tight range ahead of key U.S. payrolls data
FxWirePro: GBP/AUD under pressure after disappointing U.S. employment data
NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop
FxWirePro: GBP/USD eases as dollar firms ahead of U.S. June non-farm payrolls report
FxWirePro: NZD/USD retreats as Middle East instability weighs
FxWirePro : USD/CAD falls as strong Canadian jobs data lifts loonie
FxWirePro: USD/ZAR gains some ground, but downtrend remains
EURGBP Bears Break Trendline: Sell Rallies at 0.8578 as Support Breach Eyes 0.8450 Slide 



