FxWirePro: USD/ZAR consolidates around 18.00 mark, stay long only above 18.20 mark

• USD/ZAR is currently trading around 18.01 levels.

• It made intraday high at 18.13 and low at 17.97 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 17.93 mark.
   
• A daily close above 18.11 will take the parity higher towards key resistances around 18.40, 18.70, 18.90, 19.02, 19.28 and 19.54 marks respectively.
   
• Alternatively, a daily close below 17.93 will drag the parity down towards key supports at 17.70, 17.30, 17.02, 16.70, 16.40, 16.22, 16.00 and 15.70 levels respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.

We prefer to take long position on USD/ZAR only above 18.20, stop loss at 17.90 and target of 18.40.