FXWIREPRO: USD/ZAR Fails to Break Key Support at 14.64, Good to Buy on Dips

FXWIREPRO: USD/ZAR Fails to Break Key Support at 14.64, Good to Buy on Dips

• Pair is currently trading around 14.76 marks. 
• It made intraday high at 14.78 and low at 14.66 levels. 
• Intraday bias remains bullish till the time pair holds key support level at 14.64 levels. 
• Alternatively, current downward trend will drag the parity towards key support level at 14.26/13.91 levels. 
• On the other side, reversal from 14.64 will take the parity higher towards 14.92/ 15.16 marks respectively.
  

We prefer to take long position in USD/ZAR around 14.72, stop loss 14.64 and target 15.05/15.25 levels.

The material has been provided by InstaForex Company - www.instaforex.com