- USD/ZAR is currently trading around 12.37 levels.
- It made intraday high at 12.40 and low at 12.35 levels.
- Intraday bias remains neutral till the time pair holds key support at 12.26 mark.
- A daily close above 12.36 will take the parity higher towards key resistances around 12.50, 12.61, 12.77, 12.90, 13.15, 13.52, 13.75, 13.82, 13.94, 14.11, 14.23, 14.45, 14.51, 14.57, 14.68 and 14.77 marks respectively.
- Alternatively, a daily close below 12.36 will drag the parity down towards key supports at 12.26, 12.22, 12.14 and 12.01 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take short position on USD/ZAR only below 12.26, stop loss 12.50 and target of 12.01 mark.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: USD/JPY catches bid ahead of BoJ meeting
FxWirePro: USD/CAD recovers slightly but trend is still bearish
NZDJPY: Sell the Rallies as Bears Guard 90–91 Resistance Zone
FxWirePro: NZD/USD dips as stronger U.S. dollar offsets NZ Q3 GDP surprise
FxWirePro- Woodies Pivot(Major)
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
FxWirePro:GBP/NZD recovers ground after early dip, bias bullish
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro-Major European Indices
FxWirePro: GBP/NZD remains bullish as rally continues 



