- USD/ZAR is currently trading around 13.30 levels.
- It made intraday high at 13.36 and low at 13.23 levels.
- Intraday bias remains slightly bullish for the moment.
- A daily close below 13.19 will drag the parity down towards key supports at 13.00, 12.82 and 12.58 levels respectively.
- On the other side, a daily close above 13.65 will take the parity higher towards key resistances around 13.96, 14.06, 14.22, 14.48, 14.62, 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.
- 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.
We prefer to take short position in USD/ZAR only below 13.24, stop loss 13.65 and target 13.00/ 12.82.


FxWirePro: EUR/NZD uptrend looks tired, but continues to hold
FxWirePro: NZD/USD rebounds modestly but outlook is still bearish
AUDJPY: Bearish Below 110 — Sell Rallies for a Potential Move to 108
FxWirePro: GBP/NZD positions for another climb, eyes 2.3700 level
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY edges higher, remains on bullish path
FxWirePro: AUD/USD grinds higher, but topside extension unlikely
FxWirePro: EUR/AUD gains some ground but outlook is bearish
FxWirePro: USD/CAD edges lower but outlook is still bullish
Major Pair Currency Score & Key Levels to Watch: GBPUSD Extremely Bearish; EURUSD, NZDUSD and AUDUSD Bearish; USDCAD and USDCHF Bullish
JPY Major Currency Score: USD/JPY Bullish, Other Pairs Neutral
AUD/JPY Stays Above 110 as Weak Yen Fuels a Potential Move Toward 112
FxWirePro- Woodies Pivot
FxWirePro: GBP/USD retreats as Bailey warns of prolonged inflation risks
FxWirePro- Major Pair levels and bias summary 



