- USD/ZAR is currently trading around 12.98 levels.
- It made intraday high at 13.08 and low at 12.97 levels.
- Intraday bias remains bearish for the moment.
- A daily close above 13.08 will take the parity higher towards key resistances around 13.14, 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 13.08 will drag the parity down towards key supports at 12.92, 12.75, 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 13.00, stop loss at 13.13 and target of 12.75/12.55 mark.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: USD/CAD dips below lower range, bearish bias increases
FxWirePro: EUR/AUD attracts selling interest, vulnerable to more downside
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
FxWirePro: EUR/NZD set for bigger drop, but close below key fibo needed
FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes
FxWirePro- Woodies Pivot(Major)
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY hits 15-month low , scope for further downside
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 



