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- Pair is currently trading at 15.7113 levels.
- It made intraday high at 15.7420 and low at 15.5381 levels.
- Intraday bias remains bullish for the moment.
- Key support level falls at 15.5221. A break below will take the parity towards 15.0573 marks.
- Alternatively, current reversal will drag the pair towards initial resistance at 16.2114/16.3093 levels.
We prefer to take long position is USD/ZAR around 15.70, stop loss 15.53 and target 16.95 levels.
