- USD/ZAR is currently trading around 11.75 levels.
- It made intraday high at 11.78 and low at 11.74 levels.
- Intraday bias remains neutral till the time pair holds key support at 11.62 mark.
- A daily close above 11.77 will take the parity higher towards key resistances around 11.92, 12.02, 12.10, 12.20, 12.32, 12.45, 12.61, 12.77 and 12.90 marks respectively.
- Alternatively, a daily close below 11.77 will drag the parity down towards k-ey supports at 11.62, 11.53, 11.24, 11.08, 10.90 and 10.60 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- Yesterday South Africa released interest rate decision.
- South Africa March prime rate decrease to 10 % vs previous 10.25 %.
- South Africa March interest rate decrease to 6.5 % vs prev 6.75 %.
- South Africa Feb M3 money supply y/y increase to 6.89 % (forecast 5.95 %) vs previous 5.83 %.
- South Africa Feb private sector credit extension increase to 5.74 % (forecast 5.5 %) vs previous 5.54 %.
We prefer to take long position on USD/ZAR around 11.70, stop loss at 11.62 and target of 11.92/12.10.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro- Woodies Pivot(Major)
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: GBP/USD dips lower on negative UK retail sales data
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 



