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FxWirePro: GBP/NZD stuck in range but outlook is bullish 
- USD/ZAR is currently trading around 14.50 levels.
- It made intraday high at 14.50 and low at 14.37 levels.
- Intraday bias remains bullish till the time pair holds key support at 14.37 mark.
- A daily close above 14.40 will take the parity higher towards key resistances around 14.50, 14.64, 14.94 and 15.26 marks respectively.
- Alternatively, a daily close below 14.40 will drag the parity down towards key supports at 14.27, 14.22, 14.02, 13.93, 13.78, 13.70 and 13.50 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 14.45, stop loss at 14.35 and target of 14.64.
