- USD/ZAR is currently trading around 15.74 levels.
- It made intraday high at 15.88 and low at 15.63 levels.
- Today South Africa released GDP data with negative numbers at 0.6% Q/Q vs 0.7% previous release.
- In addition year on year GDP falls at 0.6% vs 1.0% previous release.
- Intraday bias remains bearish till the time pair holds key resistance level at 16.30.
- On the other side, key support levels falls at 15.05 levels.
- A break of key support will take the parity towards 14.44 levels.
We prefer to take short position in USD/ZAR around 15.80, stop loss 16.30 and target 15.35/15.05 levels.


FxWirePro- Major Pair levels and bias summary
NZDJPY Bullish on Yen Weakness; Buy on Dips Strategy Recommended
FxWirePro: NZD/USD recovers slightly but bearish outlook persist
FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought
NZDJPY Pullback: Bearish Trend Favors Sellers Below 92.50 Resistance
FxWirePro: GBP/USD recovers slightly from early decline but bears are not done yet
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD bull’s hold the higher ground, remains on bullish path
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CNY bears maintain upper hand
FxWirePro USD/JPY eases slightly ahead Of US June jobs report
FxWirePro: GBP/AUD uptrend loses steam, remains on bullish path
FxWirePro: AUD/USD struggles to hold gains ahead of US jobs data
FxWirePro: GBP/AUD gaining momentum for a move towards 1.9350 level
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary 



