FxWirePro: USD/ZAR hits fresh 2-week high at 14.18 mark, stay bullish

• USD/ZAR is currently trading around 14.15 levels.

• It made intraday high at 14.18 and low at 14.06 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 14.02 marks.
   
• A daily close above 14.07 will take the parity higher towards key resistances around 14.22, 14.40, 14.70, 14.94 and 15.26 marks respectively.
   
• Alternatively, a daily close below 14.02 will drag the parity down towards key supports at 13.83, 13.70, 13.40 and 13.26 levels respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.

We prefer to take short position on USD/ZAR around 14.10, stop loss at 13.97 and target of 14.22/14.40.