• The USD/ZAR fell on Thursday as South Africa's rand extended its recent gains, supported by a rise in overall risk sentiment.
• In terms of data, South Africa recorded foreign direct investment inflows of 16.6 billion rand in the second quarter of 2024, down from 24.4 billion rand in the first quarter.
• Additionally, the statistics agency reported that South Africa's producer inflation dropped to 2.8% year-on-year in August, down from 4.2% in July.
•At GMT 16:32, the pair was trading down 0.49 percent at 17.174
• Immediate resistance is located at 17.358 (38.2%fib), any close above will push the pair towards 17.468(Sep 23rd high).
• Strong support is seen at 17.145 (23.6%fib) and break below could take the pair towards 17.035(Lower BB)
Recommendation: Good to sell around 17.190 with stop loss of 17.280 and target price of 17.080


EUR/JPY Breaks Out: Euro Surges Past 185.00 Resistance Amid Strong Bullish Momentum
Aussie Bulls Charge: AUD/JPY Rallies as Geopolitical Clouds Part
FxWirePro:NZD/USD jumps as RBNZ warns of higher OCR potential
FxWirePro: GBP/AUD downtrend extends, eyes 1.8900 evel
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
FxWirePro- Major Pair levels and bias summary
Ethereum Reclaims Higher Ground: Ether Bulls Target $2,700 as Middle East Tensions Thaw
FxWirePro: AUD/USD spikes as Trump announces two-week Iran ceasefire
FxWirePro- Woodies Pivot(Major)
NZD/JPY Rockets as Kiwi Dollar Resilience Defies the Oil Shock
FxWirePro: GBP/NZD reverses course, bias back to downside
FxWirePro: USD/ZAR continues to recovers , upside pressure builds
FxWirePro: USD/CNY falls to three-year high, scope for further downside
FxWirePro- Major European Indices
Pound Sterling Power: GBP/JPY Secures Third Day of Gains as Global Risk Tensions Recede 



