- USD/ZAR is currently trading around 14.82 levels.
- It made intraday high at 14.85 and low at 14.72 levels.
- Intraday bias remains bullish till the time pair holds key support at 14.75 marks.
- A daily close above 14.75 will take the parity higher towards key resistances around 14.96, 15.28, 15.45, 15.66, 15.77, 15.86(February 29, 2016 high) and 16.15 marks respectively.
- Alternatively, a daily close below 14.75 will drag the parity down towards key supports at 14.53,1 4.43(20D EMA), 14.28, 14.19 (May 03, 2016 low) and 13.91 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend. Current upside movement is short term trend correction only.
We prefer to take short position on USD/ZAR around 14.90 with stop loss at 15.20 and target 14.53/ 14.28 marks respectively.


FxWirePro:NZD/USD remains vulnerable as Trump's latest deadline leaves investors on edge
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/ NZD consolidating around 2.0180 room for further gains
Bitcoin Battles Volatility: Institutional Support Eyes USD 64,000 Floor Amid Geopolitical Tensions
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD eases slightly but trend is still bullish
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major European Indices
Pound Under Pressure as Yen Stabilizes: GBPJPY Bears Target 208 as Key EMAs Hold Resistance
NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: AUD/USD recovers slightly from early decline but bears are not done yet 



