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FxWirePro: USD/ZAR bears maintain upper hand 
- USD/ZAR is currently trading around 15.09 levels.
- It made intraday high at 15.10 and low at 15.02 levels.
- Intraday bias remains neutral till the time pair holds key support at 15.02 mark.
- A daily close above 15.02 will take the parity higher towards key resistances around 15.22, 15.40, 15.70, 15.92 and 16.10 marks respectively.
- Alternatively, a daily close below 15.02 will drag the parity down towards key supports at 14.94, 14.72, 14.55, 14.40, 14.22 and 14.05 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- South Africa will release business confidence data around 0930 GMT.
We prefer to take long position on USD/ZAR around 15.05, stop loss at 14.94 and target of 15.40.
