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FxWirePro:EUR/AUD consolidates around 1.6585, maintains bullish bias 
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FxWirePro:EUR/NZD buoyancy keeps consolidation intact, set for further gains 
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- USD/ZAR is currently trading around 11.78 levels.
- It made intraday high at 11.76 and low at 11.75 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 12.02 mark.
- A daily close above 11.82 will take the parity higher towards key resistances around 12.02, 12.10, 12.20, 12.32, 12.45, 12.61, 12.77 and 12.90 marks respectively.
- Alternatively, a daily close below 11.82 will drag the parity down towards k-ey supports at 11.70, 11.53, 11.24, 11.08, 10.90 and 10.60 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 take short position on USD/ZAR around 11.80, stop loss at 12.02 and target of 11.70/11.53.
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