- USD/ZAR is currently trading around 13.30 levels.
- It made intraday high at 13.32 and low at 13.28 levels.
- Intraday bias remains bullish for the moment.
- A daily close above 13.30 will take the parity higher towards key resistances around 13.44, 13.52, 13.62, 13.70, 13.95, 14.16, 14.29, 14.50, 14.75, 14.96, 15.05, 15.28 and 15.45 marks respectively.
- Alternatively, a daily close below 13.30 will drag the parity down towards key supports at 13.20, 13.05, 12.95, 12.87, 12.70, 12.48, 12.30, 12.22 and 12.14 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.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: GBP/USD bulls remain cautiously optimistic
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
FxWirePro: USD/ZAR edges lower ,investors remain on edge
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro- Major European Indices
FxWirePro: USD/JPY holding bid into weekend
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
FxWirePro: GBP/AUD gains some upside momentum but still bearish
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout
FxWirePro: AUD/USD retreats slightly but trend is still bullish
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CAD extends decline on broad dollar weakness 



