- Pair is currently trading at 14.35 marks.
- It made intraday high at 14.42 and low at 14.33 levels.
- Intraday bias remains bearish till the time pair holds key resistance level at 14.65 levels.
- A sustained break below 14.30 likely to test key supports at 14.16/13.98/13.68 levels.
- On the other side, reversal from key support will take the parity higher towards 14.64/14.92/ 15.16 marks respectively.
We prefer to take short position in USD/ZAR around 14.40, stop loss 14.55 and target 14.16 levels.
