- USD/ZAR is currently trading around 13.55 levels.
- It made intraday high at 13.63 and low at 13.49 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 13.82 marks.
- A daily close above 13.82 will take the parity higher towards key resistances around 13.96, 14.16, 14.29, 14.50, 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.
- Alternatively, a daily close below 13.61 will drag the parity down towards key supports at 13.45, 13.32, 13.19, 13.01, 12.82 and 12.58 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 in USD/ZAR around 13.55, stop loss 13.82 and target of 13.45/13.32.


FxWirePro: GBP/USD advances on steady UK GDP growth
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: GBP/AUD loses momentum but bullish setup remains
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major US Indices
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
FxWirePro: GBP/AUD moves lower on weak UK data
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention 



