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FxWirePro: GBP/AUD bears maintain upper hand 
- USD/ZAR is currently trading around 14.19 levels.
- It made intraday high at 14.23 and low at 14.18 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 14.50 mark.
- A daily close above 14.20 will take the parity higher towards key resistances around 14.40, 14.53, 14.64, 14.94 and 15.26 marks respectively.
- Alternatively, a daily close below 14.20 will drag the parity down towards key supports at 14.02, 13.93, 13.78, 13.70 and 13.50 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 14.22, stop loss at 14.32 and target of 14.02.
