- USD/ZAR is currently trading around 14.34 levels.
- It made intraday high at 14.49 and low at 14.33 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 14.66 marks.
- A daily close above 14.50 will take the parity higher towards key resistances around 14.75, 14.96, 15.05, 15.28, 15.45, 15.66, 15.77, 15.86(February 29, 2016 high) and 16.15 marks respectively.
- Alternatively, a daily close below 14.27 will drag the parity down towards key supports at 14.19 (May 03, 2016 low), 13.91 and 13.68 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend.
We prefer to take short position in USD/ZAR only below 14.11, stop loss 14.66 and target 13.70/ 13.02 marks.


Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000?
FxWirePro: USD/CAD pauses decline,critical support lies ahead
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
FxWirePro- Major European Indices
FxWirePro: USD/JPY slips as yen gains ahead of BOJ meet
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path
FxWirePro: GBP/USD steadies ahead key data, BoE event risk
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
EUR/JPY Retreats: Yen Strength Caps Rally, Bearish Bias Intact Below 183.15
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
FxWirePro: USD/ZAR attracts selling interest, could be on verge of a bigger drop
FxWirePro: NZD/USD downside pressure builds, key support level in focus
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
FxWirePro: AUD/USD dips on soft China data 



