• USD/ZAR fell sharply on Wednesday as stronger South African inflation data lifted expectations for a rate hike next week, supporting the rand.
• Headline inflation accelerated to 4.0% YoY in April from 3.1% in March, marking the highest level since August 2024, driven largely by a sharp rise in fuel prices linked to the U.S.-Israeli war against Iran...
• Separate data from Statistics South Africa showed retail sales increased 2.6% year-on-year in March, following a 1.6% rise in February.
• Like other risk-sensitive currencies, the rand often takes cues from global drivers, in addition to domestic economic data.
• Immediate resistance is located at 16.485 (50%fib), any close above will push the pair towards 16.559(SMA 20).
• Strong support is seen at 16.314 (Lower BB) and break below could take the pair towards 16.172(38.2%fib).
Recommendation: Good to sell around 16.480 with stop loss of 16.800 and target price of 16.100


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- Major Pair levels and bias summary
JPY Major Currency Score: NZDJPY and AUDJPY Lead with Extremely Bullish Momentum
FxWirePro: USD/CNY hovers around 3-1/2 years low, Outlook bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD extends decline, vulnerable to more downside
EUR/USD Consolidation Setup: Buy Dips at 1.1650 for a Move to 1.1760
AUDJPY Surges to One-Month High on Australian Dollar Strength
FxWirePro: GBP/AUD dips below 1.9000 level , vulnerable to more downside
FxWirePro: AUD/USD hits three-month peak,scope for futher upside
FxWirePro: GBP/NZD uptrend loses steam, remains on bearish path
FxWirePro: EUR/NZD neutral in the near term, scope for downward resumption
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD rises above 1.3900 level after Warsh's Jackson hole speech
FxWirePro:EUR/NZD bears maintain upper hand 



