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