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FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support 
- USD/ZAR is currently trading around 13.67 levels.
- It made intraday high at 13.70 and low at 13.58 levels.
- Intraday bias remains bullish till the time pair holds key support 13.50 mark.
- A daily close above 13.61 will take the parity higher towards key resistances around 13.70, 13.94 , 14.02, 14.15 and 14.38 marks respectively.
- Alternatively, a daily close below 13.61 will drag the parity down towards key supports at 13.50, 13.36, 13.22, 13.07, 12.94 and 12.66 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 long position on USD/ZAR around 13.65, stop loss at 13.50 and target of 13.70/13.94.
