- USD/ZAR is currently trading around 12.90 levels.
- It made intraday high at 12.92 and low at 12.85 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 13.09 mark.
- A daily close above 12.88 will take the parity higher towards key resistances around 12.95, 13.09, 13.21, 13.30, 13.55, 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 12.88 will drag the parity down towards key supports at12.70, 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.
We prefer to take short position in USD/ZAR around 12.90, stop loss 13.00 and target of 12.70.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro: USD/CNY hits 15-month low , scope for further downside
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/CAD extends fall, vulnerable to more downside
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
FxWirePro: USD/CAD dips below lower range, bearish bias increases
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106
FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas 



