• USD/ZAR strengthened on Friday as stronger dollar offset better-than-expected trade balance data.
• The U.S. dollar rose against a basket of major currencies on Friday, recovering after Japanese authorities intervened to support the yen, prompting traders to reassess positions.
• South Africa posted a trade surplus of 17.75 billion rand ($1.07 billion) in June, well above forecasts of 3.45 billion rand, highlighting the resilience of its external sector..
• The Middle East conflict continues to weigh on markets, as renewed strikes have dimmed hopes for a swift resolution despite intermittent diplomatic efforts.
• Like other emerging market currencies, the rand is sensitive to global risk sentiment, developments in U.S. monetary policy and domestic economic data.
• Immediate resistance is located at 16.801(38.2%fib) any close above will push the pair towards 16.933(Higher BB).
• Strong support is seen at 16.476(50%fib) and break below could take the pair towards 16.273(July 16th low).
Recommendation: Good to sell around 16.600 with stop loss of 16.750 and target price of 16.100


FxWirePro- Woodies Pivot (Major)
FxWirePro: USD/ZAR runs out of steam but mains bullish outlook
AUDJPY: Bearish Outlook Despite Short-Term Bullish Signals, Sell Rallies Near 110.78
FxWirePro: EUR/NZD steadies 2.0030, retains bid tone
FxWirePro: GBP/AUD neutral in the near term, scope for further downside
FxWirePro: NZD/USD edges lower ahead Of FOMC decision
EURUSD: Bearish Trend Suggests Selling on Rallies Near 1.15670 Ahead of Fed Decision
FxWirePro: USD/CAD gains on dollar strength and weaker Canadian housing activity
Major Pair Currency Score: USDCAD and USDCHF Show Extreme Bullishness, EURUSD, GBPUSD, AUDUSD, and NZDUSD Bearish
FxWirePro: AUD/USD softens slightly , all eyes on Fed
FxWirePro- Major Crypto levels and bias summary
Pressure on the Rupee: INR Slides to Seven-Week Low Amid Triple Macro Threat
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies Pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY trades in tight range ahead of event risks
FxWirePro: USD/CNY edges lower ahead of Fed outcome 



