- USD/ZAR is currently trading around 14.08 levels.
- It made intraday high at 14.09 and low at 14.06 levels.
- Intraday bias remains bullish till the time pair holds key support at 13.97 mark.
- A daily close above 14.08 will take the parity higher towards key resistances around 14.07, 14.27, 14.38 and 14.64 marks respectively.
- Alternatively, a daily close below 14.08 will drag the parity down towards key supports at 13.93, 13.78, 13.70, 13.50, 13.36, 13.22, 13.07, 12.94 and 12.66 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- South Africa will release business confidence index data at 0930 GMT.
We prefer to take long position on USD/ZAR around 14.05, stop loss at 13.97 and target of 14.27.


NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: GBP/AUD bears maintain upper hand
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro: GBP/USD rises as soft US data pressures dollar
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth 



