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FxWirePro: Go long on USD/ZAR at 14.30 with stop loss at 14.16 and target of 14.64

Friday, April 22, 2016 7:26 AM UTC

Pair is currently trading at 14.35 marks.
It made intraday high at 14.36 and low at 14.25 levels.
Intraday bias remains bullish till the time pair holds key support level at 14.16 levels.
A sustained break below 14.16 likely to test key supports at 14.11/13.98/13.68 levels.
On the other side, current upward movement will take the parity higher towards 14.64/14.92/ 15.16 marks respectively.

We prefer to take long position in USD/ZAR around 14.30, stop loss 14.16 and target 14.64 levels.

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FxWirePro: Go long on USD/ZAR at 14.30 with stop loss at 14.16 and target of 14.64

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