• USD/ZAR dipped on Wednesday as weaker dollar upbeat South African manufacturing PMI data boosted rand.
• Dollar weakened as a U.S. government shutdown unsettled markets and risked delaying data seen key to gauge the future path of Fed policy rates.
• South Africa’s seasonally adjusted Absa PMI rose to 52.2 in September from 49.5 in August, signaling renewed expansion in factory activity.
• This marked only the second time this year the PMI rose above 50, indicating a return to expansion in factory activity.
At GMT 11:21, the pair was trading down 0.33 percent at 17.186 .
• Immediate resistance is located at 17.283 (Daily high), any close above will push the pair towards 17.386 (38.2%fib).
• Strong support is seen at 17.165(23.6%fib) and break below could take the pair towards 17.108 (Lower BB).
Recommendation: Good to sell around 17.200 with stop loss of 17.300 and target price of 17.050


FxWirePro: GBP/NZD downtrend loses steam but outlook still bearish
FxWirePro: USD/CNY dips as dollar weakens on US-Iran escalation
Major Pair Currency Score: AUDUSD Extremely Bullish, NZDUSD Bullish
FxWirePro: USD/ZAR bears maintain upper hand
Bitcoin Dips Before the Flip: Whales Load Up $3B as $80K Rebound Looms
FxWirePro: GBP/NZD uptrend loses steam, remains on bearish path
FxWirePro: GBP/AUD stuck in range but maintains bearish bias
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair Currency Score (AUDUSD Bullish)
FxWirePro: GBP/USD slips lower as dollar firms after Warsh comments
FxWirePro: EUR/NZD neutral in the near term, scope for downward resumption
FxWirePro: USD/CAD rises above 1.3900 level after Warsh's Jackson hole speech
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro:EUR/NZD gains some ground but outlook is bearish
FxWirePro: USD/JPY dips as Yen firms on BOJ rate-hike bets
FxWirePro: USD/CAD downside pressure builds, key support level in focus 



