FxWirePro- Woodies pivot (Major) 
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FxWirePro- Woodies pivot (Major) 
FxWirePro: USD/CNY dips to hit three year low,scope for further downside 
- USD/ZAR is currently trading around 14.87 levels.
- It made intraday high at 14.92 and low at 14.84 levels.
- Intraday bias remains neutral till the time pair holds key resistance at 14.94 mark.
- A daily close above 14.94 will take the parity higher towards key resistances around 15.02, 15.22, 15.40, 15.70, 15.92 and 16.10 marks respectively.
- Alternatively, a daily close below 14.81 will drag the parity down towards key supports at 14.72, 14.50, 14.32, 14.15, 14.02, 13.83, 13.65 and 13.47 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to take long position on USD/ZAR only above 14.94, stop loss at 14.80 and target of 15.22/15.40.
