• 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: GBP/USD rebounds as markets assess Mann’s inflation warning
FxWirePro: EUR/AUD falls sharply as French fiscal concerns weighs on euro
FxWirePro- Major Pair levels and bias summary
AUD/JPY Holds Above 110.00: Buying the Dip for a Potential Rally Toward 112.00
FxWirePro: AUD/USD edges lower ,bearish outlook persists
Major Pair Currency Score-
USDCAD Extremely Bullish | USDCHF Bullish | EURUSD, GBPUSD, NZDUSD & AUDUSD Bearish
NZD/JPY Technical Analysis: Kiwi Pares Gains Below 89 Resistance as Bearish Momentum Accelerates
FxWirePro- Major Crypto levels and bias summary
EUR/USD Rebounds Above 1.1250 Ahead of Fed Minutes: Technicals Eye Buy-on-Dips Target at 1.1365
FxWirePro: USD/JPY remains buoyant, looks to extend gains
FxWirePro: NZD/USD heads deeper into bear territory, 23.6%fib eyed
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
FxWirePro- Woodies Pivot
FxWirePro: USD/JPY edges lower as investors assess Takaichi’s comments
Short Covering Lifts NZD/JPY: Buying the 88.48 Dip Amid Moving Average Resistance
FxWirePro: USD/CAD hits 18-month high, scope for further upside 



