- USD/ZAR is currently trading around 13.49 levels.
- It made intraday high at 13.52 and low at 13.45 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 14.77 marks.
- A daily close above 13.77 will take the parity higher towards key resistances around 13.95, 14.08, 14.15, 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 13.45 will drag the parity down towards key supports at 13.31, 13.19, 13.01, 12.82 and 12.58 levels respectively.
- South Africa will release gold production as well as mining production data at 0930 GMT.
We prefer to take short position in USD/ZAR around 13.50, stop loss at 13.77 and target of 13.31/13.19.


FxWirePro- Major European Indices
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro- Major Pair levels and bias summary
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro- Major European Indices
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact 



