FxWirePro- Major Pair levels and bias summary 
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- USD/ZAR is currently trading around 12.37 levels.
- It made intraday high at 12.41 and low at 12.31 levels.
- Intraday bias remains bullish till the time pair holds key support at 12.17 mark.
- A daily close above 12.32 will take the parity higher towards key resistances around 12.46, 12.60, 12.78, 12.86, 12.96 and 13.15 marks respectively.
- Alternatively, a daily close below 12.32 will drag the parity down towards key supports at 12.20, 12.02, 11.94, 11.84, 11.70, 11.62 and 11.53 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- South Africa will release employmet data at 0930 GMT.
We prefer to take long position on USD/ZAR around 12.35, stop loss at 12.17 and target of 12.60/12.78.
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