• USD/ZAR rose on Monday as South African rand weakened as global recession fears mounted over U.S. President Donald Trump's sweeping tariffs.
•China retaliated to U.S. President Donald Trump's tariffs on Friday, announcing a 34% levy on American goods, heightening investor concerns that a full-scale global trade war has begun.
• Trump showed no intention of backing down from his tariff plans on Sunday, prompting investors to flock to "safe-haven" currencies such as the yen and Swiss franc on Monday.
• The rand is highly sensitive to risk and tends to be dumped at times of global market uncertainty.
• At GMT 09:17, The south African rand was last trading up 1.56% to 19.377
• Immediate resistance is located at 19.441 (Daily high), any close above will push the pair towards 19.614(23.6%fib).
• Strong support is seen at 18.499 (50%fib) and break below could take the pair towards 18.421(Daily low).
Recommendation: Good to buy around 19.200 with stop loss of 19.000 and target price of 19.700


FxWirePro:USD/JPY hovers near 40-year peak,intervention fears linger
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY gains some upside momentum but bias still bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/ AUD downtrend loses steam, remains on bearish path
FxWirePro- Woodies pivot (Major)
Major Crypto Action Bias: ETHUSD Turns Bullish – Only Bullish Pair to Watch
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish
FxWirePro- USD/CHF Holds Above 0.8120 as Bulls Target 0.8200
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ZAR slips as rand gains on U.S.-Iran developments
NZDJPY Pulls Back on Kiwi Weakness: Buy Dips at 94.40 Targeting 97
ETHUSD Breaks Above $1900 as Bulls Eye $2300 and Beyond 



