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FxWirePro- Major Pair levels and bias summary 
- USD/ZAR is currently trading around 12.47 levels.
- It made intraday high at 12.47 and low at 12.40 levels.
- Intraday bias remains bullish till the time pair holds key support at 12.38 mark.
- A daily close above 12.41 will take the parity higher towards key resistances around 12.70, 12.89, 12.96 and 13.15 marks respectively.
- Alternatively, a daily close below 12.41 will drag the parity down towards key supports at 12.38, 12.20, 12.02, 11.94 and 11.84 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 around 12.40, stop loss at 12.30 and target of 12.70.
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