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FxWirePro: EUR/ NZD dips below lower range, bearish bias increases 
• USD/ZAR edged lower on Wednesday as dollar dipped after weaker U.S. producer prices reinforced expectations of a Fed rate cut this month.
• The latest Labor Department release indicated that the Producer Price Index (PPI) for final demand contracted by 0.1% on a month-over-month basis, following a downwardly revised 0.7% surge in July.
• Futures now price a 90% chance of a 25-bp Fed cut and 10% for 50 bps this month, versus 93% and 7% on Tuesday.
•South Africa-focused Investors showed little reaction stronger GDP data, with growth under 1% seen as sluggish amid structural challenges.
• Looking Ahead, attention will shift to South Africa's mining, manufacturing and current account data due on Thursday for further clues.
• Immediate resistance is located at 17.611(SMA 20), any close above will push the pair towards 17.781(38.2%fib).
• Strong support is seen at 17.412(23.6%fib) and break below could take the pair towards 17.356(Lower BB)
Recommendation: Good to sell around 17.500 with stop loss of 17.600 and target price of 17.300
