- USD/ZAR is currently trading around 14.37 levels.
- It made intraday high at 14.52 and low at 14.35 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 14.72 mark.
- A daily close above 14.52 will take the parity higher towards key resistances around 14.72, 14.90, 15.18, 15.44, 15.98 and 16.24 marks respectively.
- Alternatively, a daily close below 14.52 will drag the parity down towards key supports at 14.32, 14.20, 14.05, 13.65, 13.50, 13.40, 13.22, 13.10, 12.99 and 12.70 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
We prefer to take short position on USD/ZAR around 14.40, stop loss at 14.52 and target of 14.20.


FxWirePro: GBP/NZD downside pressure builds, key support level in focus
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro: USD/JPY dips as market assess risk of additional FX intervention.
NZDJPY Bears Stay in Control After Sell-Off — Sell Rallies at 93 Targeting 90 as All EMAs Align Bearish
Gold Retreats as Geopolitical Fears Ease: Bears Target $4,000 Support
FxWirePro: AUD/USD firms after upbeat consumer spending data
FxWirePro: GBP/AUD bears maintain upper hand
EUR/JPY Under Pressure: Broad Yen Buying Keeps Bears in Control Below 183.00
Forex Scorecard: EUR/USD, GBP/USD, and NZD/USD Stand Out as Prime Bullish Opportunities
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path
NZDJPY Bears Stay in Command: Sell Rallies at 92.72-75 Targeting 90 as All EMAs Flash Red
FxWirePro:EUR/NZD downtrend Intact, eyes 1.9500 level
FxWirePro- Major Pair levels and bias summary
Chart of the Day: BTC Double Bottom Ignites — Buy Above $64,050 for $67K–$70K Blast-Off
AUDJPY Bears Tighten Grip: Sell Rallies at 110.65-67 Targeting 107.75 as All EMAs Stay Red 



