• USD/ZAR advanced on Thursday as a firmer dollar pressured the rand, overshadowing positive domestic economic indicators.
• South Africa’s manufacturing sector showed signs of recovery in September, ending a three-month period of contraction as new orders rebounded, according to a PMI survey..
• September’s PMI marked a welcome improvement following a weak winter period, particularly as new orders rebounded sharply, South African bank Absa, which sponsors the survey, said..
• Separately, data from South Africa’s automotive industry body NAAMSA showed new vehicle sales rose 12.7% year-on-year in September, accelerating from 11.4% growth in August.
• The rand often takes cues from domestic data and global factors such as U.S. economic data and monetary policy.
• Immediate resistance is located at 16.729(Daily high), any close above will push the pair towards 16.808(38.2%fib).
• Strong support is seen at 16.508(50%fib) and break below could take the pair towards 16.373(Daily low).
Recommendation: Good to buy around 16.500 with stop loss of 16.300 and target price of 16.800


FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
Major Pair Currency Score: EURUSD, GBPUSD, NZDUSD & AUDUSD "Bearish" — USDCAD & USDCHF "Bullish" Pairs to Watch
FxWirePro: USD/ZAR dips as rand firms on stronger economic data
NZD/JPY Technical Analysis: Sell-on-Rallies Strategy Eyed Below 90.80 Resistance
AUD/JPY Technical Outlook: Fading the 100-Pip Rally Near 110.25 Resistance
JPY major currency score with the bearish pairs NZDJPY, GBPJPY, AUDJPY, EURJPY, CHFJPY, CADJPY
FxWirePro: GBP/USD hits three month low, scope for further downside
NZDJPY's Fifth Day of Pain: Yen Pounds Kiwi Below All Key EMAs — Sell Rallies at 89.18-20 Toward 86.34
AUDJPY Loses Its Shine: Aussie Slides Below All Key EMAs as ADX Momentum Surges — Sell Rallies at 110.23-25 Toward 108
FxWirePro- Woodies Pivot
FxWirePro: USD/JPY rebounds above 157 as dollar firms
FxWirePro: EUR/NZD eases slightly but outlook is bullish
FxWirePro-USD/CHF Technical Outlook: Buying the Dips Near 0.8320 as Dollar Rally Extends
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies Pivot
FxWirePro: AUD/USD trades flat, retains downside bias 



