- USD/ZAR is currently trading around 13.52 levels.
- It made intraday high at 13.64 and low at 13.52 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 13.96 marks.
- A daily close above 13.62 will take the parity higher towards key resistances around 13.85, 13.96, 14.16, 14.29, 14.50, 14.75, 14.96, 15.05, 15.28 and 15.45 marks respectively.
- Alternatively, a daily close below 13.62 will drag the parity down towards key supports at 13.50, 13.20, 12.95, 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.
We prefer to take short position in USD/ZAR only below 13.48, stop loss at 13.96 and target of 13.22.


0.7870 Break Looms – Next Stop 0.7800 for USDCHF?
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
FxWirePro: USD/JPY extends fall as yen rises on intervention fears
211.55 Ceiling Holds: GBPJPY Profit-Taking Turns Bearish
NZDJPY: Bearish Signals Sell-on-Rally Opportunity Below 92
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
FxWirePro-Major European Indices
FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes
Pound Strike Forces EURGBP Retreat – Next Stop 0.8660?
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data
ETHUSD Dip: Prime Buy Zone to $3600 Targets
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead 



