- USD/ZAR is currently trading around 13.48 levels.
- It made intraday high at 13.49 and low at 13.42 levels.
- Intraday bias remains neutral for the moment.
- A daily close above 13.45 will take the parity higher towards key resistances around 13.59, 13.65, 13.77, 13.85, 13.96, 14.16, 14.29, 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 13.32, 13.19, 13.01, 12.82 and 12.58 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.


FxWirePro: GBP/USD advances on steady UK GDP growth
FxWirePro: NZD/USD maintains bullish bias with focus on 0.5900
FxWirePro: AUD/USD firms on hawkish RBA meeting minutes
FxWirePro- Major European Indices
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro: USD/CAD slips as oil rally boosts loonie
FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook
FxWirePro: GBP/AUD loses momentum but bullish setup remains
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CNY downside pressure builds, key support level In focus 



