- USD/ZAR is currently trading around 12.98 levels.
- It made intraday high at 13.01 and low at 12.97 levels.
- Intraday bias remains bearish for the moment.
- A daily close above 13.00 will take the parity higher towards key resistances around 13.15, 13.43, 13.50, 13.59, 13.65, 13.77, 13.85, 13.96, 14.16, 14.29, 14.50, 14.75, 14.96, 15.05, 15.28, 15.45, 15.66, 15.77, 15.86 (February 29, 2016 high) and 16.15 marks respectively.
- Alternatively, a daily close below 13.00 will drag the parity down towards key supports at 12.88, 12.70 and 12.58 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 go short on USD/ZAR around 13.00, stop loss at 13.07 and target of 12.88/12.70.


FxWirePro: USD/ JPY slips as yen rallies after Mideast ceasefire declaration
FxWirePro- Major European Indices
Pound Sterling Power: GBP/JPY Secures Third Day of Gains as Global Risk Tensions Recede
Bitcoin's Tug-of-War: Bulls Eye 80,000 USD Despite Turbulent ETF Outflows
FxWirePro: USD/ZAR continues to recovers , upside pressure builds
FxWirePro- Woodies Pivot(Major)
EUR/JPY Breaks Out: Euro Surges Past 185.00 Resistance Amid Strong Bullish Momentum
FxWirePro- Major European Indices
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD spikes as Trump announces two-week Iran ceasefire
Bitcoin Breaks the $70,000 Barrier: Bulls Target the $80,000 Horizon as Geopolitical Relief Ignites Crypto Markets
FxWirePro:NZD/USD jumps as RBNZ warns of higher OCR potential
NZDJPY Bearish Breakdown: Why Selling the Rallies is the Strategic Play
FxWirePro: GBP/USD stuck in range but maintains bearish bias
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
FxWirePro: EUR/AUD falls below 1.6600 level, plunge to test a key fibo grows
FxWirePro: USD/ZAR slips sharply lower as US-Iran ceasefire lifts risk appetite 



