FxWirePro: USD/ZAR touches key resistance at 15.06 mark, further upside movement likely

• USD/ZAR is currently trading around 15.04 levels.

• It made intraday high at 15.06 and low at 14.96 levels.
   
• Intraday bias remains bullish till the time pair holds key resistance at 14.94 mark.
   
• A daily close above 15.06 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 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 around 15.00, stop loss at 14.94 and target of 15.22/15.40.