• USD/ZAR edged higher on Friday as the rand weakened amid fragile risk sentiment after the U.S. indicated it could maintain its naval blockade of Iran indefinitely and increase economic pressure on Tehran.
• The South African rand typically strengthens when risk appetite improves, but concerns over the U.S.-Iran standoff disrupting oil supplies and weakening global growth may keep investors cautious.
•The U.S. dollar fell against a basket of major currencies after data showed U.S. retail sales unexpectedly declined in July.
• US Retail sales fell 0.6% in July after an unrevised 0.2% increase in June, according to the Commerce Department’s Census Bureau.
• Immediate resistance is located at 16.323(38.2%fib) any close above will push the pair towards 16.432(SMA20).
• Strong support is seen at 16.043(38.2%fib) and break below could take the pair towards 15.899(Lower BB).
Recommendation: Good to sell around 16.300 with stop loss of 16.450 and target price of 16.100


FxWirePro: USD/CAD eases as soft US PPI data weighs on dollar
AUDJPY Bullish Dip-Buy Setup: All EMAs Align for Run to 115
Currency Major Pairs: GBPUSD & AUDUSD Extremely Bullish as USDCAD Turns Deeply Bearish and Major levels to watch
Buy the Dip? AUDJPY Holds Trendline Support Near 112
FxWirePro: GBP/USD could target 1.3400 as selling pressure builds
Currency Score JPY Major: GBPJPY Bullish at 85 as CHFJPY Turns Extremely Bearish at -100
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD retreats despite upbeat UK GDP growth data
FxWirePro: GBP/USD rises to 1-month peak as USD weakens
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/JPY steadies around 159.30,retains bid tone
NZDJPY Bullish Setup: 800-EMA Support Fuels Buy Signal Above 93.60
FxWirePro: EUR/ AUD eases slightly, focus on near term support
FxWirePro- Major Crypto levels and bias summary
GBP/JPY Surge: Broad Sterling Buying Eyes 217.00 Target
FxWirePro: GBP/AUD eases despite better-than-expected UK GDP growth data 



