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FxWirePro: USD/ZAR edges higher, set to stay on back foot 
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FxWirePro- Major Pair levels and bias summary 
Peace Dividend Powers NZDJPY Past 93.50 — Bulls Set Sights on 96.15 Target 
- USD/ZAR is currently trading around 13.94 levels.
- It made intraday high at 13.96 and low at 13.80 levels.
- Intraday bias remains bullish for the moment.
- A daily close above 13.83 will take the parity higher towards key resistances around 13.94, 14.02, 14.17, 14.40, 14.50 and 14.78 marks respectively.
- Alternatively, a daily close below 13.83 will drag the parity down towards key supports at 13.72, 13.53, 13.40, 13.18 and 13.01 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- South Africa will release current account data at 0900 GMT.
We prefer to take long position on USD/ZAR only above 14.02, stop loss at 13.78 and target of 14.17/14.40.
