• USD/ZAR strengthened on Tuesday as rand weakened amid fragile risk sentiment stemming from the Israel-Iran conflict, with focus turning to the Fed’s upcoming policy call.
• Attention remains on the Fed’s two-day meeting, where policymakers are expected to hold rates steady.
• Investors will examine the Fed statement, projections, and Powell’s remarks for clues on future rate cuts.
• Domestic investors are awaiting Wednesday's consumer inflation and retail sales data, which could shape expectations around the South African Reserve Bank’s monetary policy stance.
• Technical signals are strongly bearsih as RSI is at 49, daily momentum studies 14,11 and 21 DMAs are trending down.
• Immediate resistance is located at 18.005(38.2%fib), any close above will push the pair towards 18.054(Higher BB).
• Strong support is seen at 17.701(23.6%fib) and break below could take the pair towards 17.591(Lower BB)
Recommendation: Good to sell around 18.000 with stop loss of 18.300 and target price of 17.500


Major Currency Scores: USD/CAD Signals Extremely Bullish Momentum at +90
FxWirePro: USD/CAD neutral in the near term, scope for further upside
FxWirePro: NZD/USD edges lower, remains on back foot
FxWirePro: EUR/AUD downside pressure builds, key support level in focus
AUDJPY Soars Past 112 on BOJ Rate Hike, Technicals Signal Bullish Momentum
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path
JPY Major Currency Score
NZDJPY Surges Past 90 Amidst BOJ Rate Hike Uncertainty
FxWirePro- Woodies Pivot (Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
USD/CHF Blasts Past 0.8250: Technicals Signal Next Stop at 0.8340
BoE Pause Pulls Back Sterling: GBP/JPY Dips to 207.92 Despite Hawkish Undercurrents
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR edges higher as rand weakens ahead of South Africa inflation data
FxWirePro: GBP/AUD edges higher but maintains bearish bias 



