• USD/ZAR eased Monday as a softer dollar offset fading hopes of near-term Federal Reserve rate cuts amid elevated energy prices.
• Gold prices, a key South African export, were steady Monday after recovering from a near 1% drop, supported by a softer dollar.
• Later this week, local investors will focus on February inflation data and January retail sales figures.
• South African inflation expectations fell in Q1, with the five-year average forecast dropping to a record low, a survey showed Monday.
• Immediate resistance is located at 16.963(23.6%fib), any close above will push the pair towards 17.044(Higher BB).
• Strong support is seen at 16.626(38.2%fib) and break below could take the pair towards 16.391(61.8%fib)
Recommendation: Good to buy around 16.700 with stop loss of 16.400 and target price of 17.000


Bitcoin Breaks Out: BTCUSD Clears 72,500 USD Resistance as Derivatives Signal "Risk-On" Surge
FxWirePro- Woodies Pivot(Major)
Kiwi Crumbles: NZDJPY Plummets Toward Key Support as Bearish Momentum Takes Hold
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/ NZD capped by the 38.2%fib fib, good to sell on rally
FxWirePro: AUD/USD remains buoyant, looks to extend gains
FxWirePro- Majro European Indices
FxWirePro: EUR/USD slides to seven-month low, scope for further downside
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR sustains gains as uptrend remains strong
FxWirePro: GBP/NZD bulls gain momentum heading into the weekend
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
Loonie’s Labor Pains: CADJPY Tumbles 100 Pips as Shocking Canada Jobs Data Ignites Rate Cut Bets
CAD/JPY Tightens Range: Core Inflation Cools as Technicals Signal Bullish Breakout Potential 



