- USD/ZAR is currently trading around 14.38 levels.
- It made intraday high at 14.44 and low at 14.27 levels.
- Intraday bias remains bullish till the time pair holds key support at 14.27 marks.
- A daily close above 14.46 will take the parity higher towards key resistances around 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 14.27 will drag the parity down towards key supports at 14.19 (May 03, 2016 low), 13.91 and 13.68 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend. Current upside movement is short term trend correction only.
We prefer to take long position in USD/ZAR only above 14.46, stop loss 14.27 and target 14.75/ 14.96 marks.


FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD edges higher but bulls lack punch
Major Pair Currency Score: NZD/USD and AUD/USD Lead Forex Rally with Perfect 100 Scores
AUDJPY Rebounds on Yen Weakness – Bullish Buy Setup Above 112 Targets 115
FxWirePro : EUR/NZD slips lower after soft US jobs report
Currency Score Major Pair: Extremely Bullish GBPUSD, AUDUSD & NZDUSD – Key Levels to Watch
FxWirePro: GBP/USD rises as weak U.S. jobs data pressures dollar
FxWirePro: GBP/USD gains above 1.3500 ahead of key U.S. and UK data
FxWirePro: EUR/AUD slips after surprise U.S. employment data
FxWirePro: AUD/USD eases as investors switch focus to RBA
EURGBP Weakens After Doji – Bearish Bias Intact Below 0.8600, Sell Rallies
FxWirePro: EUR/AUD bears maintain upper hand
EURUSD Flat Amid Middle East Tension – Bullish Dip Buy Eyes 1.1660
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption 



