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FxWirePro: GBP/AUD eases on Geopolitical whipsaw 
- USD/ZAR is currently trading around 13.91 levels.
- It made intraday high at 13.92 and low at 13.80 levels.
- Intraday bias remains slightly bullish for the moment.
- A daily close above 13.94 will take the parity higher towards key resistances around 14.02, 14.12, 14.32, 14.50, 14.78 and 14.99 marks respectively.
- Alternatively, a daily close below 13.94 will drag the parity down towards key supports at 13.70, 13.53, 13.26 and 13.07 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
We prefer to take short position on USD/ZAR around 13.94, stop loss at 14.02 and target of 13.70/13.53/13.26.
