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FxWirePro: USD/ZAR edges higher, set to stay on back foot 
FxWirePro: EUR/AUD loses upside momentum but outlook is bullish 
- USD/ZAR is currently trading around 14.04 levels.
- It made intraday high at 14.09 and low at 13.97 levels.
- Intraday bias remains neutral till the time pair holds key support at 13.90 mark.
- A daily close above 14.01 will take the parity higher towards key resistances around 14.10, 14.22, 14.40, 14.50, 14.78, 14.94, 15.06, 15.22 and 15.32 marks respectively.
- Alternatively, a daily close below 14.01 will drag the parity down towards key supports at 13.90, 13.77, 13.68 and 13.56 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 long position on USD/ZAR only above 14.10, stop loss at 13.90 and target of 14.22/14.40.
