- USD/ZAR is currently trading around 13.15 levels.
- It made intraday high at 13.15 and low at 13.08 levels.
- Intraday bias remains neutral till the time pair holds key support at 13.12 marks.
- A daily close above 13.12 will take the parity higher towards key resistances around 13.33, 13.50, 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 13.12 will drag the parity down towards key supports at 13.01, 12.95, 12.85, 12.78, 12.62, 12.58 and 12.44 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
We prefer to take short position in USD/ZAR only below 13.12, stop loss at 13.22 and target of 13.01/12.95/12.85.


FxWirePro-Major European Indices
FxWirePro: NZD/USD maintains bullish bias with focus on 0.5900
AUDJPY: Buy-the-Dip Strategy Intact Above 103.80 Despite Profit-Taking Pullback
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
ETHUSD Dip: Prime Buy Zone to $3600 Targets
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
FxWirePro- Major Pair levels and bias summary
NZDJPY: Bearish Signals Sell-on-Rally Opportunity Below 92
FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook
Pound Strike Forces EURGBP Retreat – Next Stop 0.8660?
211.55 Ceiling Holds: GBPJPY Profit-Taking Turns Bearish
0.7870 Break Looms – Next Stop 0.7800 for USDCHF?
Bitcoin Stuck in No-Man’s-Land: $85K Dip or $100K Breakout Next?
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought
FxWirePro- Major Crypto levels and bias summary 



