- USD/ZAR is currently trading around 11.99 levels.
- It made intraday high at 12.00 and low at 11.94 levels.
- Intraday bias remains bullish till the time pair holds key support at 11.90 mark.
- A daily close above 11.95 will take the parity higher towards key resistances around 12.02, 12.10, 12.21, 12.32, 12.45, 12.61, 12.77 and 12.90 marks respectively.
- Alternatively, a daily close below 11.90 will drag the parity down towards key supports at 11.84, 11.70, 11.62, 11.53, 11.24, 11.08, 10.90 and 10.60 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 long position on USD/ZAR around 11.98, stop loss at 11.90 and target of 12.21.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: USD/CNY edges higher, outlook bearish
FxWirePro: GBP/NZD downside pressure builds, key support level in focus
EUR/USD Retraces After 1.1555 Peak: Technical Levels Point to 1.1600
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/JPY gains capped as intervention fears keep traders on edge
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro : USD/JPY slips as Yen firms on further Intervention talk
Currency Scores of Major Pairs: GBPUSD, AUDUSD & NZDUSD Top Charts at 85 — Bullish Pairs to Watch
Major European Indices Trend Scores: DAX & CAC40 Hit Perfect 100, FTSE100 at 85 — All Bullish with Key Levels to Watch
FxWirePro:EUR/NZD downtrend Intact, eyes 1.9500 level
FxWirePro: GBP/NZD downtrend extends, remains on bearish path
FxWirePro: GBP/AUD consolidating around 1.9185, bias is bearish
FxWirePro: AUD/USD grinds higher amid risk appetite revival
FxWirePro: NZD/USD eases as NZ unemployment surges in Q2
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD under pressure as the pair continues to weaken
FxWirePro: GBP/USD edges higher as markets track U.S.-Iran talks and oil moves 



