• USD/ZAR edged higher on Thursday after data showed U.S. producer prices increased more than expected.
• The US producer price index (PPI) for final demand surged by 0.9% in July, following no change in June, according to data released Thursday by the Labor Department’s Bureau of Labor Statistics..
• Over the 12 months through July, the US producer price index rose 3.3%, up from a 2.4% increase in June.
• The South African rand has risen over 1% in the past two days, supported by a weaker dollar after soft US inflation data.
• With no major local data releases left this week, the rand is expected to take its cue from global drivers.
• At GMT 11:57,the dollar was up 0.70% at 17.639 against South African rand.
• Immediate resistance is located at 17.779(SMA 20), any close above will push the pair towards 17884(38.2%fib).
• Strong support is seen at 17.464(23.6%fib) and break below could take the pair towards 17.374(Lower BB)
Recommendation: Good to buy around 17.600 with stop loss of 17.200 and target price of 18.000


FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro: EUR/NZD steadies ahead of ECB meeting
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro- Major Crypto levels and bias summary
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout
FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro- Woodies Pivot(Major)
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro: GBP/NZD remains bullish as rally continues
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88 



