• USD/ZAR edged higher on Friday as the greenback recovered from the prior day’s decline.
• The pair had dipped after a surge in U.S. jobless claims and a modest tick up in inflation kept investors zeroed in on likely Federal Reserve interest rate cuts next week and beyond.
•Looking ahead, investor will focus on the release of domestic consumer price inflation data and a rate-setting meeting next week.
• Traders will watch Wednesday’s CPI data closely, while Thursday’s South African rate-setting meeting may shed light on inflation and the health of Africa’s most industrialized economy.
• Immediate resistance is located at 17.576(SMA 20), any close above will push the pair towards 17.666(38.2%fib).
• Strong support is seen at 17.335(23.6%fib) and break below could take the pair towards 17.244(Lower BB)
Recommendation: Good to sell around 17.360 with stop loss of 17.500 and target price of 17.200


Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro: USD/JPY edges higher but bulls lack punch
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases 



