- Pair is currently trading at 14.66 marks.
- It made intraday high at 14.66 and low at 14.50 levels.
- Intraday bias remains bullish till the time pair holds key support level at 14.50 levels.
- A sustained break below it likely to test key support levels at 14.26/13.91 levels.
- On the other side, reversal from 14.50 will take the parity higher towards 14.64/14.92/ 15.16 marks respectively.
We prefer to take long position in USD/ZAR around 14.72, stop loss 14.64 and target 15.05/15.25 levels.
