- USD/ZAR is currently trading around 13.48 levels.
- It made intraday high at 13.65 and low at 13.47 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 13.62 mark.
- A daily close above 13.56 will take the parity higher towards key resistances around 13.68, 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 13.56 will drag the parity down towards key supports at 13.40, 13.32, 13.19, 13.01, 12.82 and 12.58 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 around 13.52, stop loss at 13.62 and taget of 13.40/13.32.


FxWirePro: GBP/AUD eases slightly, focus on near-term support
FxWirePro : EUR/NZD holding below 38.2% fibo ahead of US data
FxWirePro : USD/CAD falls as strong Canadian jobs data lifts loonie
FxWirePro: USD/ZAR gains some ground, but downtrend remains
FxWirePro- Major Crypto levels and bias summary
NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop
FxWirePro : EUR/NZD slips lower after soft US jobs report
Bitcoin Reclaims $65,000 as Easing Geopolitical Tensions Fuel Risk-On Rally
EURGBP Bears Break Trendline: Sell Rallies at 0.8578 as Support Breach Eyes 0.8450 Slide
FxWirePro: EUR/ AUD neutral in the near term, scope further downside
FxWirePro: USD/JPY holds tight range ahead of key U.S. payrolls data
FxWirePro- Major Pair levels and bias summary
Major Pair Currency Score: NZD/USD and AUD/USD Lead Forex Rally with Perfect 100 Scores
EUR/USD Rockets Past 1.1560 as Soft U.S. Jobs Data Fuel Fed Rate-Cut Surge 



