- USD/ZAR is currently trading around 13.15 levels.
- It made intraday high at 13.15 and low at 13.08 levels.
- Intraday bias remains neutral till the time pair holds key support at 13.12 marks.
- A daily close above 13.12 will take the parity higher towards key resistances around 13.33, 13.50, 13.59, 13.65, 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 13.12 will drag the parity down towards key supports at 13.01, 12.95, 12.85, 12.78, 12.62, 12.58 and 12.44 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 only below 13.12, stop loss at 13.22 and target of 13.01/12.95/12.85.


FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD under pressure after disappointing U.S. employment data
FxWirePro- Woodies pivot (Major)
Bitcoin Reclaims $65,000 as Easing Geopolitical Tensions Fuel Risk-On Rally
FxWirePro- Woodies pivot (Major)
DAX & CAC40 Score Perfect 100: Extremely Bullish With Major Levels to Watch as FTSE100 Hits 80
FxWirePro: NZD/USD retreats as Middle East instability weighs
FxWirePro- Major Pair levels and bias summary
FxWirePro : USD/CAD falls as strong Canadian jobs data lifts loonie
FxWirePro: EUR/ AUD neutral in the near term, scope further downside
NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop
FxWirePro: GBP/USD rises as weak U.S. jobs data pressures dollar
FxWirePro: AUD/USD eases as investors await U.S. employment figures
FxWirePro- Major Crypto levels and bias summary 



