• USD/ZAR slipped lower on Wednesday as the rand strengthened after soft U.S. data raised expectations of a Fed rate cut in December.
• Markets have strengthened bets on a quarter-point Fed rate cut next month after weak data and dovish central bank comments.
•On the domestic front, all eyes will be on producer inflation numbers due on Thursday and credit , trade and budget data on Friday.
• Like other risk-sensitive currencies, the rand often takes cues from global drivers such as U.S. policy and economic data in addition to domestic releases..
• At GMT 15:31,the dollar was down 0.43% at 17.125 against South African rand .
• Immediate resistance is located at 17.234 (SMA 20), any close above will push the pair towards 17.277(38.2%fib)
• Strong support is seen at 17.014(23.6%fib) and break below could take the pair towards 16.936(Lower BB)
Recommendation: Good to sell around 17.200 with stop loss of 17.300 and target price of 16.950


FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro: GBP/USD recovers some ground but bears are not done yet
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
FxWirePro: USD/CNY bears maintain upper hand
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary 



