FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/JPY caught in narrow range, bias bearish 
FxWirePro- Major European Indices 
Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900 
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout 
FxWirePro: GBP/AUD gives up early gains after UK GDP shock 
AUDJPY Range Play: Hold 102.95 Support, Target 105 on Breakout 
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption 
FxWirePro: NZD/USD consolidates around 0 .5810,room for further gains 
FxWirePro: AUD/USD hovers near three –month high, scope for further upside 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: EUR/NZD shows upside momentum, but bearish outlook remains 
FxWirePro: USD/CAD recovers slightly but trend is still bearish 
FxWirePro: GBP/USD dips on UK GDP data miss 
• USD/ZAR climbed on Wednesday as the South African rand weakened following a rise in September’s headline inflation, strengthening the case for the central bank to consider resuming rate cuts.
• Headline consumer inflation rose to 3.4% year-on-year in September, up from 3.3% in August, falling slightly short of the median forecast of 3.5%.
• The South African Reserve Bank has implemented three interest rate cuts so far this year but held rates steady at its September policy meeting to evaluate the effects of those earlier reductions.
• The South African Reserve Bank (SARB) is scheduled to announce its next monetary policy decision on November 20.
• Investors focused on domestic trends will look to CPI data next week to gauge the economic health of Africa’s largest industrial hub.
• Immediate resistance is located at 17.401 (38.2%fib), any close above will push the pair towards 17.502 (Higher BB).
• Strong support is seen at 17.279(SMA 20) and break below could take the pair towards 17.069(23.6%fib).
Recommendation: Good to buy around 17.350 with stop loss of 17.200 and target price of 17.550
