• Rand is among the weakest performers in EM basket, reached new record lows against the dollar on Monday at 14.0175 compared with Friday close of 13.8750
  
  
• USD/ZAR edges lower from Monday's highs and is currently trading at 13.8929, Stochs and RSI are at overbought levels, could see some unwinding 
  
  
• China's policymakers and regulators promised deeper financial market reforms during the G20 meeting but remarks made investors more nervous as this could mean the economy is in a far worse state than expected
  
  
• Recent rand slide has brought concerns of too little c.bank intervention with Gov Lesetja Kganyago saying on Saturday that a further fall in the rand is not necessarily a bad thing
  
  
• Soft Chinese trade data on Tuesday added jitters over the health of the world's second largest economy, likely to add pressure on the Rand
  
  
• Immediate resistance for USD/ZAR is located at 13.9834 (session high Sept 8) and support on the downside at 13.8263 (Sept 7 lows)
  
  

Resistance Levels:

R1: 13.9789 (session high Sept 7) 

R2: 13.9834 (session high Sept 8) 

R3: 14.0000 (Psychological Level)

Support Levels:

S1: 13.8263 (Sept 7 lows)

S2: 13.7460 (2015 High Sep 4)

S3: 13.7439 (4h Tenkan Sen)