- USD/ZAR is currently trading around 12.47 levels.
- It made intraday high at 12.50 and low at 12.38 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 12.77 mark.
- A daily close above 12.49 will take the parity higher towards key resistances around 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 12.49 will drag the parity down towards key supports at 12.30, 12.22 and 12.14 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take short position on USD/ZAR around 12.50, stop loss 12.77 and target of 12.22 mark.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD eases as dollar firms ahead of U.S. June non-farm payrolls report
AUDJPY Bears Hold the Line: Sell Rallies at 111.40 as Negative Bias Targets Sharp Drop to 108
FxWirePro: USD/ZAR gains some ground, but downtrend remains
Currency Score Alert: GBPUSD, AUDUSD & NZDUSD Top the Charts at 85 – Major Levels to Watch for Bullish Breakouts
FxWirePro: USD/JPY edges higher as traders eye U.S. Jobs data and Geopolitical developments
NZDJPY Bears Ready to Strike: Sell Rallies at 93 as EMAs Signal Deeper Slide to 90
FxWirePro : EUR/NZD gains upside momentum but still bearish
EURUSD Bulls Charge Higher: Buy Dips at 1.1528 as EMA Alignment Eyes Break Above 1.1560
FxWirePro: NZD/USD softens despite firm expectations for RBNZ tightening
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
Bitcoin Bulls Hold Key EMAs Above $64,000—Is a Rally Toward $70,000 Next?
Crypto Action Bias: BNB/USD Leads Bullish Momentum as Major Pairs Neutralize 



