• USD/ZAR dipped on Monday as rand gained after the United States reported weaker-than-expected jobs data
• Friday’s U.S. nonfarm payrolls report for July fell short of forecasts, with significant downward revisions to the May and June figures.
• Meanwhile, President Donald Trump’s dismissal of the head of Labor Statistics added to concerns over the reliability of U.S. economic data.
• South Africa’s rand, similar to other risk-sensitive currencies, is heavily influenced by global factors like U.S. economic data and policy shifts.
• At 13:41 GMT, the dollar was trading at 17.963 down 0.35% against the rand,
• Immediate resistance is located at 18.103 (38.2%fib), any close above will push the pair towards 18.325(23.6%fib).
• Strong support is seen at 17.914 (38.2%fib) and break below could take the pair towards 17.810 (SMA 20).
Recommendation: Good to buy around 17.900 with stop loss of 17.400 and target price of 18.300


FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/JPY dips below lower range, bearish bias increases
EURJPY Carves Triple Bottom at 180.20 – Bulls Ready to Storm 182-183 as Breakout Momentum Builds
NZDJPY Eyes Breakout: Buy the Dip as Bulls Guard 88.70
CAD/JPY Rockets on Blowout Canadian Jobs Surprise – Bulls Target 113-115 as BoC Cut Odds Collapse
FxWirePro: GBP/AUD positions for another drop, eyes 2.0100 level
FxWirePro: GBP/NZD edges higher but bearish outlook persists
FxWirePro- Major European Indices
FxWirePro: GBP/NZD slide lower shifts pressure to the downside
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro- Major US Indices
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
Ethereum Holds Firm Above $3,100 Despite Dip – Fresh Breakout to $3,600+ Looming as Bulls Defend Key Support
FxWirePro: USD/CAD downside pressure builds, key support level in focus
GBPJPY Eyes 208: Pound Pulls Back, Bulls Guard 206 



