• The USD/ZAR strengthened on Monday as South Africa's rand weakened amid a risk-off mood driven by an underwhelming China fiscal stimulus.
•The focus was firmly on China where the government on Saturday pledged to significantly increase debt, but left investors guessing on the overall size of the stimulus
• On the data front, investors could look to South Africa's business confidence index on Tuesday and August retail sales figures on Wednesday for signs on the health of Africa's most industrialised economy.
•At GMT 11:13, the pair was trading down 0.95 percent at 17.541
• Immediate resistance is located at 17.568 (38.2%fib), any close above will push the pair towards 17.170468(23.6%fib).
• Strong support is seen at 17.459 (50%fib) and break below could take the pair towards 17.357(61.8%fib)
Recommendation: Good to sell around 17.520 with stop loss of 17.350 and target price of 17.080


FxWirePro: EUR/ AUD downtrend loses steam, remains on bearish path
Major Pairs Bias: USDCHF Bullish While GBPUSD Turns Bearish
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD rallies on jobs surge, heads to test key resistance
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro: USD/CAD retreats slightly but trend is still bullish
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish
NZDJPY Dips Create Fresh Buy Opportunity as Key Support Holds
JPY Strength Alert: USDJPY, AUDJPY, EURJPY and CADJPY Turn Extremely Bullish
FxWirePro: USD/CNY attracts selling interest, vulnerable to more downside
FxWirePro: GBP/AUD bears maintain upper hand
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades 



