- USD/ZAR is currently trading around 15.74 levels.
- It made intraday high at 15.88 and low at 15.63 levels.
- Today South Africa released GDP data with negative numbers at 0.6% Q/Q vs 0.7% previous release.
- In addition year on year GDP falls at 0.6% vs 1.0% previous release.
- Intraday bias remains bearish till the time pair holds key resistance level at 16.30.
- On the other side, key support levels falls at 15.05 levels.
- A break of key support will take the parity towards 14.44 levels.
We prefer to take short position in USD/ZAR around 15.80, stop loss 16.30 and target 15.35/15.05 levels.


FxWirePro- Major European Indices
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR loses momentum but outlook is bullish
Ethereum Reclaims $2,000 Handle: ETHUSD Stabilizes as Bulls Eye a Recovery
Dollar Resurgence Propels USDCHF Above 0.8000: Technicals Signal Continued Bullish Momentum Toward 0.8150
FxWirePro: GBP/USD gains some upside momentum but still bearish
FxWirePro: GBP/NZD uptrend loses momentum but bullish setup remains
Bitcoin on Edge: Geopolitical Tensions Weigh on BTC as Bulls Eye the USD 64,000 "Buy the Dip" Zone
Aussie Losing Its Luster: AUDJPY Breaks Below 110.00 as Bearish Momentum Intensifies
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD slips to four-month low with plenty more downside potential
FxWirePro: USD/JPY stuck in narrow ranges amid intervention risks
FxWirePro- Woodies Pivot(Major) 



