• USD/ZAR strengthened on Monday as South African rand weakened as escalating tensions in the Middle East dampened risk sentiment.
• U.S. and Iranian forces have exchanged heavy missile and drone assaults, with Tehran targeting U.S. facilities in states across the Gulf on Sunday and saying it had again closed the vital Strait of Hormuz.
•Some 20% of the world's oil and liquefied natural gas transited the strait before the war began at the end of February.
•Like other emerging-market currencies the rand tends to take direction from global factors, including U.S. economic data and geopolitical developments.
• Immediate resistance is located at 16.487 (50%fib) any close above will push the pair towards 16.627(Higher BB).
• Strong support is seen at 16.347(SMA20) and break below could take the pair towards 16.162(38.2%fib).
Recommendation: Good to sell around 16.400 with stop loss of 16.650 and target price of 16.100


FxWirePro: GBP/USD trades in narrow range as markets await Fed guidance
FxWirePro: USD/JPY trades flat ahead of Warsh's policy signals
FxWirePro- Major Pair levels and bias summary
EURUSD Trades Flat Amidst NFP Revision and Jackson Hole Ahead; Technicals Suggest Buying Opportunity
Major Pair Currency Score: AUDUSD Extremely Bullish, NZDUSD Bullish
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
FxWirePro- Major Pair levels and bias summary
ETH/USD Trade Setup: Buy Dips Near $2,300 with Eyes on a $3,000 Breakout Target
FxWirePro: GBP/AUD dips below 1.9000 level , vulnerable to more downside
FxWirePro: GBP/AUD extends decline, vulnerable to more downside
FxWirePro- Woodies Pivot (Major)
FxWirePro- Woodies Pivot (Major)
FxWirePro: GBP/USD slips lower as dollar firms after Warsh comments
FxWirePro: EUR/NZD neutral in the near term, scope for downward resumption
FxWirePro: NZD/USD edges higher ahead of Jackson hole warsh speech 



