- USD/ZAR is currently trading around 14.08 levels.
- It made intraday high at 14.08 and low at 14.01 levels.
- Intraday bias remains bullish for the moment.
- A daily close above 14.03 will take the parity higher towards key resistances around 14.17, 14.40, 14.50 and 14.78 marks respectively.
- Alternatively, a daily close below 14.03 will drag the parity down towards key supports at 13.94, 13.72, 13.53, 13.40, 13.18 and 13.01 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
- South Africa Nov 2018 gross $gold & forex reserves increase to 50.672 usd vs previous 50.166 usd.
- South |Africa Nov 2018 net $gold & forex reserves increase to 42.577 usd vs previous 42.194 usd.
We prefer to take long position on USD/ZAR around 14.06, stop loss at 13.92 and target of 14.22/14.40.


AUDJPY Bears Tighten Grip: Sell Rallies at 110.65-67 Targeting 107.75 as All EMAs Stay Red
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: AUD/USD cedes early gains ,outlook bearish
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD gains some ground but outlook is bearish
DAX & CAC40 Score Perfect 100 Trend, FTSE100 Lags at 85 – Key Levels to Watch on the Perfect Scorers
FxWirePro: USD/JPY dips as market assess risk of additional FX intervention.
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist 



