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FxWirePro: USD/ZAR gains as weak SA Manufacturing data hits rand 
- USD/ZAR is currently trading around 14.24 levels.
- It made intraday high at 14.27 and low at 14.22 levels.
- Intraday bias remains neutral till the time pair holds key support at 14.22 mark.
- A daily close above 14.25 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 14.25 will drag the parity down towards key supports at 14.10, 14.02, 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.
- South Africa will release CPI as well as core CPI data at 0800 GMT.
We prefer to take short position on USD/ZAR only below 14.20, stop loss at 14.32 and target of 14.02.
