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NZDJPY Bullish Above 93 as Yen Stumbles – Buy Signal Triggers at 93.50 
- USD/ZAR is currently trading around 14.59 levels.
- It made intraday high at 14.62 and low at 14.54 levels.
- Intraday bias remains bearish for the moment.
- A daily close below 14.61 will drag the parity down towards key supports at 14.43(20D EMA) and 14.19 (May 03, 2016 low) levels respectively.
- Alternatively, a daily close above 14.85 will take the parity higher towards key resistances around 14.96, 15.09, 15.32, 15.54, 15.77, 15.86(February 29, 2016 high) and 16.15 marks respectively.
We prefer to take short position on USD/ZAR only below 14.54 with stop loss at 14.85 and target of 14.19 marks.
