FxWirePro: USD/ZAR slips below 14.40 mark, consistent close below targets 13.90 mark

• USD/ZAR is currently trading around 14.35 levels.

• It made intraday high at 14.40 and low at 14.32 levels.
   
• Intraday bias remains neutral till the time pair holds key support at 14.32 mark.
   
• A daily close above 14.35 will take the parity higher towards key resistances around 14.50, 14.62, 14.78, 14.94, 15.06, 15.22 and 15.32 marks respectively.
   
• Alternatively, a daily close below 14.36 will drag the parity down towards key supports at 14.27, 13.90, 13.82, 13.68 and 13.56 levels respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.

We prefer to take short position on USD/ZAR around 14.40, stop loss at 14.50 and target of 13.90.