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FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus 
- USD/ZAR is currently trading around 15.22 levels.
- It made intraday high at 15.29 and low at 15.22 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 15.40 mark.
- A daily close above 15.32 will take the parity higher towards key resistances around 15.40, 15.70, 15.92 and 16.10 marks respectively.
- Alternatively, a daily close below 15.32 will drag the parity down towards key supports at 15.10, 14.94, 14.72, 14.55, 14.40, 14.22 and 14.05 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- South Africa will release standard bank PMI data around 0700 GMT.
We prefer to take long position on USD/ZAR around 15.10 stop loss at 14.94 and target of 15.40/15.55.
