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- Pair is currently trading at 14.3767 marks.
- It made intraday high at 14.4786 and low at 14.3688 levels.
- Intraday bias remains bearish till the time pair holds key resistance level at 14.6370 levels.
- A sustained break below 14.3224 likely to test key support levels at 14.26/13.91 levels.
- On the other side, reversal from key support will take the parity higher towards 14.50/14.6370/14.92/ 15.16 marks respectively.
We prefer to take short position in USD/ZAR around 14.3830, stop loss 14.6370 and target 14.3224 levels.
