• USD/ZAR dipped on Monday as firmer gold prices supported the rand, while investors awaited key domestic economic data.
•Gold rose as a weaker dollar, rate-cut expectations and safe-haven demand from geopolitical tensions boosted prices.
• As a major producer of precious metals, South Africa typically benefits from firmer bullion prices, which tend to support export revenues and the local currency.
• Later in the week, investors will look to November consumer inflation data and producer inflation figures.
•Meanwhile, the nonfarm payrolls reports for October and November are due on Tuesday, with the October release delayed earlier this quarter by the government shutdown.
• Immediate resistance is located at 16.884(Daily high), any close above will push the pair towards 17.057(38.2%fib).
• Strong support is seen at 16.765 (23.6%fib) and break below could take the pair towards 16.706(Lower BB)
Recommendation: Good to sell 16.800 with stop loss of 17.000 and target price of 16.700


FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
FxWirePro- Woodies pivot (Major)
ETH Stands Alone Bullish; BTC, SOL, XRP, BNB Neutral
FxWirePro:EUR/NZD dips below lower range, bearish bias increases
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro: USD/JPY uptrend loses steam, remains on bullish path
FxWirePro: NZD/USD steadies around 0.5830,retains bid tone
Gold Loses Steam After Strong U.S. Retail Sales
FxWirePro: NZD/USD trades in narrow range ,outlook bullish
NZDJPY Bullish Surge: Strong Kiwi Ignites Fresh Upside as 94 Support Holds and All EMAs Align
FxWirePro: GBP/USD hits one-month high, scope for further upside
FxWirePro: AUD/USD edges lower, but bullish outlook persists
Crypto Major Pair Action Bias: ETHUSD Bullish as BTCUSD, SOLUSD & XRPUSD Stay Neutral 



