- USD/ZAR is currently trading around 12.38 levels.
- It made intraday high at 12.39 and low at 12.32 levels.
- Intraday bias remains neutral for the moment.
- A daily close above 12.45 will take the parity higher towards key resistances around 12.50, 12.61, 12.77, 12.90, 13.15, 13.52, 13.75, 13.82, 13.94, 14.11, 14.23, 14.45, 14.51, 14.57, 14.68 and 14.77 marks respectively.
- Alternatively, a daily close below 12.26 will drag the parity down towards key supports at 12.22, 12.14 and 12.01 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 launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: USD/CAD eases slightly but trend is still bullish
FxWirePro- Major Pair levels and bias summary
Gold Hits 6-Week High: Buy Dips at $4220 as Bullish Momentum Eyes $4400 Breakout
AUDJPY Momentum Fades at 111: Sell Rallies to 108 as Bearish EMAs Dominate
NZDJPY Bears Ready to Strike: Sell Rallies at 93 as EMAs Signal Deeper Slide to 90
FxWirePro- Major Crypto levels and bias summary
Crypto Action Bias: BNB/USD Leads Bullish Momentum as Major Pairs Neutralize
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/JPY edges higher as traders eye U.S. Jobs data and Geopolitical developments
AUDJPY Bears Hold the Line: Sell Rallies at 111.40 as Negative Bias Targets Sharp Drop to 108
FxWirePro: GBP/USD supported by UK services recovery and dollar weakness
FxWirePro: GBP/AUD edges lower, bearish outlook persists
FxWirePro: USD/ZAR extends decline, scope for further downside
FxWirePro: AUD/USD eases slightly as markets await U.S. Payrolls report
Major Pair Currency Scores: GBPUSD, USDCAD, AUDUSD & NZDUSD Lead as Top Bullish Pairs to Watch
FxWirePro: EUR/AUD gains slightly, but downward resumption looks likely 



