- USD/ZAR is currently trading around 13.25 levels.
- It made intraday high at 13.25 and low at 13.18 levels.
- Intraday bias remains neutral till the time pair holds key support at 13.16 marks.
- A daily close above 13.22 will take the parity higher towards key resistances around 13.50, 13.70, 13.94, 14.12, 14.28 and 14.57 marks respectively.
- Alternatively, a daily close below 13.22 will drag the parity down towards key supports at 13.16, 12.99, 12.70, 12.51 and 12.40 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 only below 13.16, stop loss 13.40 and target of 12.99.


Pound Strike Forces EURGBP Retreat – Next Stop 0.8660?
211.55 Ceiling Holds: GBPJPY Profit-Taking Turns Bearish
FxWirePro: GBP/USD advances on steady UK GDP growth
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
FxWirePro- Major European Indices
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major US Indices
NZDJPY: Bearish Signals Sell-on-Rally Opportunity Below 92
FxWirePro: AUD/USD firms on hawkish RBA meeting minutes
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
0.7870 Break Looms – Next Stop 0.7800 for USDCHF?
FxWirePro: USD/CAD slips as oil rally boosts loonie
FxWirePro: USD/JPY extends fall as yen rises on intervention fears
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary 



