• USD/ZAR strengthened on Monday as investors positioned themselves ahead of upcoming inflation data and this week’s central bank rate decision.
• Friday’s close saw traders largely ignore S&P Global’s first credit rating upgrade for South Africa in nearly two decades.
• This week’s economic calendar includes October consumer inflation and September retail sales data on Wednesday, followed by the central bank’s interest rate decision on Thursday.
• Economists polled by expect that the Monetary Policy Committee will cut its main lending rate by 25 basis points to 6.75%.
• At GMT 17:11,the dollar was up 0.18% at 17.105 against South African rand .
• Immediate resistance is located at 17.165 (Nov 12th high), any close above will push the pair towards 17.245(38.2%fib).
• Strong support is seen at 16.996 (Lower BB) and break below could take the pair towards 16.933(23.6%fib)
Recommendation: Good to buy around 17.100 with stop loss of 17.000 and target price of 17.400


UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210?
FxWirePro- Major European Indices
FxWirePro: EUR/NZD shows upside momentum, but bearish outlook remains
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: USD/JPY caught in narrow range, bias bearish
FxWirePro: GBP/USD dips on UK GDP data miss
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro- Major Pair levels and bias summary
NZDJPY Poised to Pop: Buy-the-Dip Setup Above Key 90 Support
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
FxWirePro: EUR/AUD moves higher following downbeat Australian jobs report
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout
FxWirePro- Woodies Pivot(Major)
AUDJPY Range Play: Hold 102.95 Support, Target 105 on Breakout
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary 



