• USD/ZAR edges higher on Monday as South African rand softened as investors booked profits from a precious metals rally.
• Precious metals retreated on Monday, with silver pulling back after breaching $80 an ounce earlier in the session and gold easing from near record highs as investors took profits and safe-haven demand softened.
• South Africa’s risk-sensitive rand is on track to gain more than 12% against the dollar this year, supported by improved fiscal performance, success in curbing inflation, and a surge in precious-metal prices such as gold and platinum.
• At 17:23 GMT, the dollar was trading at 16.967 up 0.32 % against the rand .
• Immediate resistance is located at 16.852 (SMA 20), any close above will push the pair towards 17.034(38.2%fib).
• Strong support is seen at 16.598 (23.6%fib) and break below could take the pair towards 16.555 (Lower BB).
Recommendation: Good to sell around 16.800 with stop loss of 17.000 and target price of 16.600


AUDJPY Bullish Surge: Strong Australian Dollar Fuels Fresh Upside as Pair Holds Above 113.50 and All EMAs Align
GBPJPY Bullish Surge: Strong Pound Ignites Fresh Upside on Fed-BOE Policy Divergence as All EMAs Align
Gold Loses Steam After Strong U.S. Retail Sales
FxWirePro: NZD/USD trades in narrow range ,outlook bullish
Major Pair Action Bias: Extremely Bullish Surge Powers GBPUSD & NZDUSD as Bullish Momentum Ignites
FxWirePro: USD/CAD falls after BoC rate hold and weak U.S. producer inflation
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD remains buoyant, looks to extend gains
GBPJPY Bullish on Consolidation: Holds Above 216 After 218 Top – Buy Dips at 217 Targeting 220
NZDJPY Extremely Bullish Above 94: Broad NZD Buying Fuels Fresh Upside – Buy Dips at 93.70 Targeting 95
FxWirePro:EUR/NZD dips below lower range, bearish bias increases
JPY Action Bias: Extremely Bullish Surge Ignites Across NZD, GBP & AUD
FxWirePro: NZD/USD steadies around 0.5830,retains bid tone
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
FxWirePro: USD/JPY uptrend loses steam, remains on bullish path
NZDJPY Bullish Surge: Strong Kiwi Ignites Fresh Upside as 94 Support Holds and All EMAs Align 



