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FxWirePro- Woodies Pivot(Major) 
- USD/ZAR is currently trading around 14.48 levels.
- It made intraday high at 14.67 and low at 14.43 levels.
- Intraday bias remains bearish till the time pair holds immediate resistance at 14.90 mark.
- A daily close above 14.63 will take the parity higher towards key resistances around 14.90, 15.06, 15.22, 15.32, 15.53, 15.73,15.98 and 16.24 marks respectively.
- Alternatively, a daily close below 14.63 will drag the parity down towards key supports at 14.30, 14.17 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.
- South Africa will release repo rate decision at 1300 GMT.
We prefer to take short position on USD/ZAR around 14.55, stop loss at 14.72 and target of 14.30/14.05.
