FxWirePro: USD/ZAR edges higher but bearish outlook persists 
FxWirePro- Major European Indices 
FxWirePro- Major Pair levels and bias summary 
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FxWirePro- Major Pair levels and bias summary 
- USD/ZAR is currently trading around 14.43 levels.
- It made intraday high at 14.45 and low at 14.39 levels.
- Intraday bias remains bullish till the time pair holds key support at 13.88 levels.
- A daily close below 13.88 will drag the parity down towards key supports at 13.65, 13.38, 13.19, 13.00, 12.82 and 12.58 levels respectively.
- On the other side, a daily close above 14.54 will take the parity higher towards key resistances around 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.
- 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 go long on USD/ZAR around 14.40, stop loss at 14.25 and target of 14.96.
