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FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support 
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- USD/ZAR is currently trading around 14.96 levels.
- It made intraday high at 15.04 and low at 14.96 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 15.04 mark.
- A daily close above 15.04 will take the parity higher towards key resistances around 15.22, 15.40, 15.70, 15.92 and 16.10 marks respectively.
- Alternatively, a daily close below 15.04 will drag the parity down towards key supports at 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. Current downside movement is short term trend correction only.
We prefer to take short position on USD/ZAR around 14.98, stop loss at 15.10 and target of 14.72/14.55.
