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FxWirePro:EUR/NZD remains weak, eyes 23.6%fib support 
- USD/ZAR is currently trading around 12.57 levels.
- It made intraday high at 12.73 and low at 12.55 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 12.70 mark.
- A daily close above 12.68 will take the parity higher towards key resistances around 12.89, 12.96 and 13.15 marks respectively.
- Alternatively, a daily close below 12.68 will drag the parity down towards key supports at 12.55, 12.40, 12.20, 12.02, 11.94 and 11.84 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
We prefer to take long position on USD/ZAR around 12.55, stop loss at 12.40 and target of 12.96.
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