• The USD/ZAR strengthened on Monday as rand weakened as investors awaited the upcoming national budget speech and monitored U.S. foreign policy developments.
• Investor focus will be on Finance Minister Enoch Godongwana's highly anticipated national budget presentation on Wednesday..
• The budget was unexpectedly postponed last month due to disagreements within the coalition government over a proposed two-percentage-point increase in value-added tax.
•At GMT 15:34, the pair was trading up 0.36 percent at 18.266
• Immediate resistance is located at 18.349 (50%fib), any close above will push the pair towards 18.643(38.2%fib).
• Strong support is seen at 18213 (Daily low) and break below could take the pair towards 18.050(61.8%fib)
Recommendation: Good to buy around 18.250 with stop loss of 18.050 and target price of 18.500


FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD loses upside momentum but outlook is bullish
FxWirePro: GBP/NZD bulls gear up for next leg higher, eyes 2.3500level
EUR/USD Dips Below 1.1500 Amidst Divergent Central Bank Policies and USD Strength
FxWirePro: EUR/AUD downtrend loses momentum, bearish bias prevails
FxWirePro: USD/JPY rises as yen weakens following BOJ's 25bp rate hike
FxWirePro: USD/ZAR edges higher as rand weakens ahead of South Africa inflation data
FxWirePro: USD/CAD neutral in the near term, scope for further upside
BoE Pause Pulls Back Sterling: GBP/JPY Dips to 207.92 Despite Hawkish Undercurrents
FxWirePro- Woodies Pivot (Major)
EURJPY Recovers Over 150 Pips Post-BOJ Hike, Bullish Trend Strengthens
FxWirePro: GBP/AUD edges higher but maintains bearish bias
USD/CHF Blasts Past 0.8250: Technicals Signal Next Stop at 0.8340
FxWirePro: AUD/USD firms after RBA governor Bullock comments
Major Currency Scores: USD/CAD Signals Extremely Bullish Momentum at +90
NZDJPY Surges Past 90 Amidst BOJ Rate Hike Uncertainty 



