• USD/ZAR edged higher on Thursday as South African rand softened as investors digested domestic economic data and awaited further catalyst .
• South Africa's statistics agency published mining data which showed that December mining output rose 2.5% year-on-year compared with a revised decrease of 2.4% in November.
•The agency also published manufacturing figures which showed that manufacturing output fell 1.4% year-on-year in December, after falling by a revised 2.0% year-on-year in November.
• Looking ahead,U.S. inflation data is due on Friday and will be the next test of market views on interest rate cuts.
•At GMT 17:52, the pair was trading up 0.57 percent at 15.994
• Immediate resistance is located at 16.053 (SMA20), any close above will push the pair towards 16.128(38.2%fib).
• Strong support is seen at 15.682(23.6%fib) and break below could take the pair towards 15.562(Lower BB)
Recommendation: Good to sell around 16.000 with stop loss of 16.300 and target price of 15.700


Bitcoin’s Weak Bounce Fades – Sell Rallies Near $70K Still in Play
FxWirePro- Woodies Pivot(Major)
USD/CHF Bear Trap? Sell the Bounce at 0.7730 Toward Fresh Lows
FxWirePro: USD/ CNY outlook weaker on renewed downside pressure
FxWirePro: USD/CAD recovers slightly from early decline but bears are not done yet
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD retreats slightly but trend is still bullish
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
FxWirePro: EUR/AUD dips below lower range, bearish bias increases
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/JPY dips as Japanese Yen firms on intervention talk
Bearish Clouds Over EUR/JPY: 183 Is the Line in the Sand
GBPJPY in Freefall – Bearish Breakdown Fuels Sell-on-Rallies Setup
FxWirePro: GBP/AUD extends drop, faces 23.6%fib support 



