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- Pair is currently trading at 14.26 marks.
- It made intraday high at 14.26 and low at 14.19 levels.
- Intraday bias remains bullish till the time pair holds key support level at 14.16 levels.
- A sustained break below it likely to test key supports at 14.11/13.98/13.68 levels.
- On the other side, reversal from 14.16 will take the parity higher towards 14.64/14.92/ 15.16 marks respectively.
We prefer to take long position in USD/ZAR around 14.24, stop loss 14.16 and target 14.64/14.92 levels.
