- USD/ZAR is currently trading around 12.99 levels.
- It made intraday high at 13.02 and low at 12.97 levels.
- Intraday bias remains neutral till the time pair holds key resistance at 13.03 mark.
- A daily close above 13.03 will take the parity higher towards key resistances around 13.13, 13.23, 13.31, 13.42, 13.58, 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 13.03 will drag the parity down towards key supports at 12.82, 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 in USD/ZAR only above 13.05, stop loss at 12.80 and target of 13.22/13.30.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY hits 15-month low , scope for further downside
FxWirePro: EUR/NZD set for bigger drop, but close below key fibo needed
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook 



