- USD/ZAR is currently trading around 15.18 levels.
- It made intraday high at 15.28 and low at 15.16 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 15.42 marks.
- A daily close above 15.42 will take the parity higher towards key resistances around 15.48, 15.87 and 16.10 marks respectively.
- Alternatively, a daily close below 15.27 will drag the parity down towards key supports at 15.02, 14.94, 14.70, 14.57, 14.27, 14.02, 13.90 and 13.83 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 on USD/ZAR around 15.20, stop loss at 15.40 and target of 15.02/14.94.


FxWirePro: GBP/AUD eases on Geopolitical whipsaw
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path
FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR edges higher, set to stay on back foot
FxWirePro- Woodies pivot (Major)
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD stuck in range but outlook is bullish
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50
CAD/JPY Breaks Down: Loonie Weakness and BOC Patience Set Bears’ Sights on 110
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD loses upside momentum but outlook is bullish
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage 



