FxWirePro: USD/ZAR down sharply, daily Stochs poised for a bearish crossover

• USD/ZAR dropped sharply in today's trade after hitting monthly highs (12.58) yesterday. 
   
• Momentum looks bearish with daily Stochs poised to cross bear side from a high point
   
• Pair could extend falls, major support seen at 12.42 61.8 % Fibo of 12.64-12.05 fall and Jul 8 lows. Recommend waiting for buy triggers for entry. 

Resistance levels:

R1: 12.5850 (Session High Jul 9)  

R2: 12.6375 (Daily High Jun 8)  

R3: 12.6600 (Daily High Jun 5)

Support Levels:

S1: 12.42 (61.8 % Fibo of 12.64-12.05 fall)

S2: 12.3452 (50 % Fibo of 12.64-12.05 fall)

S3: 12.3345 (10-Day MA)