- USD/ZAR is currently trading around 13.03 levels.
- It made intraday high at 13.04 and low at 12.95 levels.
- Intraday bias remains bullish till the time pair holds key support at 12.87 mark.
- A daily close above 13.00 will take the parity higher towards key resistances around 13.07, 13.13, 13.22, 13.30, 13.52, 13.62, 13.70 and 13.90 ma markets respectively.
- Alternatively, a daily close below 13.00 will drag the parity down towards key supports at 12.87, 12.70, 12.48, 12.30, 12.22 and 12.14 levels 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 long position on USD/ZAR around 12.98 mark, stop loss 12.87 and target of 13.22.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
FxWirePro- Major Crypto levels and bias summary
NZD/JPY Drifts Sideways: Mixed Signals Say “Stand Aside for Now”
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD bulls gain momentum heading into the year end
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: EUR/NZD positions for another drop, eyes 2.0100 level
FxWirePro: USD/CNY hits 15-month low , scope for further downside
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD attracts selling interest, vulnerable to more downside
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
FxWirePro: GBP/AUD outlook weaker on renewed downside pressure
FxWirePro: EUR/NZD set for bigger drop, but close below key fibo needed
AUD/JPY Buoyed by Holiday Calm: Buy the Dips Above 103.80 for a Run Toward 106 



