• USD/ZAR fell on Thursday as the South African rand strengthened, supported by a rebound in global risk appetite.
• The South African rand tumbled over 1% against the dollar on Tuesday, amid a sharp global sell-off driven by concerns over inflated stock market valuations.
• Economic events in South Africa are sparse this week, with Friday’s release of October foreign reserves expected to provide clues on economic conditions..
At GMT 15:37, the pair was trading down 0.05 percent at 17.880 after reaching daily low at 17.326
• Immediate resistance is located at 17.442 (Daily high), any close above will push the pair towards 18.524 (50%fib).
• Strong support is seen at 17.320(38.2%fib) and break below could take the pair towards 17.098 (Lower BB).
Recommendation: Good to sell around 17.400 with stop loss of 17.600 and target price of 17.200


Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900
FxWirePro: GBP/USD dips on UK GDP data miss
FxWirePro: EUR/NZD shows upside momentum, but bearish outlook remains
Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout
FxWirePro: GBP/AUD gives up early gains after UK GDP shock
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro- Major European Indices
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
FxWirePro- Major European Indices
FxWirePro: EUR/AUD moves higher following downbeat Australian jobs report
UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210?
FxWirePro: AUD/USD hovers near three –month high, scope for further upside 



