FxWirePro: South African rand falls against US dollar ahead of CPI data

• Pair is currently trading at 15.72 marks.
   
• It made intraday high at 15.75 and low at 15.52 levels.
   
• Intraday bias remains bullish till the time pair holds key support level at 15.37 levels.
   
• A daily close above key resistance 15.74 will take the parity higher towards 15.92, 16.13 and 16.84 marks respectively.
   
• On the other side, key support levels are seen at 15.37, 15.13 and 14.67 marks respectively.
   
• South Africa will release CPI as well as core CPI data at 0800 GMT.

We prefer to take long position in USD/ZAR only above 15.74, stop loss 15.37 and target 16.13 levels.