FxWirePro: Go Long on Usd/zar at 14.30 With Stop Loss at 14.16 and Target of 14.64

FxWirePro: Go Long on Usd/zar at 14.30 With Stop Loss at 14.16 and Target of 14.64

22 April 2016, 10:32
Roberto Jacobs
0
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FxWirePro: Go Long on Usd/zar at 14.30 With Stop Loss at 14.16 and Target of 14.64

  • Pair is currently trading at 14.35 marks. 
  • It made intraday high at 14.36 and low at 14.25 levels. 
  • Intraday bias remains bullish till the time pair holds key support level at 14.16 levels. 
  • A sustained break below 14.16 likely to test key supports at 14.11/13.98/13.68 levels. 
  • On the other side, current upward movement will take the parity higher towards 14.64/14.92/ 15.16 marks respectively.

We prefer to take long position in USD/ZAR around 14.30, stop loss 14.16 and target 14.64 levels.

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