- USD/ZAR is currently trading around 13.32 levels.
- It made intraday high at 13.34 and low at 13.27 levels.
- Intraday bias remains neutral till the time pair holds key resistance at 13.50 marks.
- A daily close above 13.53 will take the parity higher towards key resistances around 13.70, 13.94, 14.12, 14.28 and 14.57 marks respectively.
- Alternatively, a daily close below 13.30 will drag the parity down towards key supports at 13.22, 13.10, 12.99, 12.70, 12.51 and 12.40 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish 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 only above 13.53, stop loss 13.22 and target of 13.70/13.94.


FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD slips as dollar rebounds from six-week low
FxWirePro: NZD/USD turns lower as USD regains footing
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
Gold Retreats as Geopolitical Fears Ease: Bears Target $4,000 Support
DAX & CAC40 Score Perfect 100 Trend, FTSE100 Lags at 85 – Key Levels to Watch on the Perfect Scorers
FxWirePro: USD/JPY gains capped as intervention fears keep traders on edge
FxWirePro: GBP/NZD downside pressure builds, key support level in focus
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD firms after upbeat consumer spending data
NZDJPY Bears Stay in Command: Sell Rallies at 92.72-75 Targeting 90 as All EMAs Flash Red
FxWirePro: AUD/USD cedes early gains ,outlook bearish
FxWirePro:EUR/NZD downtrend Intact, eyes 1.9500 level
FxWirePro: USD/ZAR gains as weak SA Manufacturing data hits rand
AUDJPY Bears Tighten Grip: Sell Rallies at 110.65-67 Targeting 107.75 as All EMAs Stay Red
FxWirePro: USD/CNY edges higher, outlook bearish 



