• USD/ZAR dipped Tuesday as risk-sensitive currencies like rand firmed ahead of the U.S. Federal Reserve's policy decision.
• Markets are pricing in nearly a 40% chance that the Federal Reserve will raise interest rates by 25 basis points on Wednesday, up from around 20% a week ago .
• Oil prices extended losses on Tuesday, falling to their lowest levels in more than a week as hopes for a resolution to the U.S.-Israeli conflict with Iran improved sentiment and eased concerns over global supply disruptions..
• On the domestic front, data released on Tuesday showed South Africa's composite leading business cycle indicator fell 0.3% month-on-month in May, pointing to a modest deterioration in forward-looking economic conditions.
• Immediate resistance is located at 16.881(38.2%fib) any close above will push the pair towards 16.985(Daily high).
• Strong support is seen at 16.584(38.2%fib) and break below could take the pair towards 16.438(SMA20).
Recommendation: Good to buy around 16.600 with stop loss of 16.450 and target price of 16.800


FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY dips as yuan firms on improving risk appetite
FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level
FxWirePro : USD/JPY holds relatively bid on 163 ahead Of FOMC,BoJ meetings
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
FxWirePro- Woodies pivot (Major)
JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses
FxWirePro :USD/JPY eases slightly, remains on bullish path
FxWirePro: NZD/USD edges lower, remains on back foot
AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
Major Pair Action Bias: Bullish Pairs to Watch Out For
FxWirePro: GBP/AUD under pressure as pound continues to weaken 



