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FxWirePro- Major Pair levels and bias summary 
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FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path 
- USD/ZAR is currently trading around 13.27 levels.
- It made intraday high at 13.37 and low at 13.25 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 13.48 marks.
- A daily close above 13.34 will take the parity higher towards key resistances around 13.48, 13.63, 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 13.34 will drag the parity down towards key supports at 13.22, 13.11, 12.95, 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.
We prefer to take short position in USD/ZAR around 13.30, stop loss at 13.48 and target of 13.11.
