• USD/ZAR edged higher on Monday as the rand gave back some recent gains, weighed down by a firmer greenback.
• The rand had drawn strength in recent days from growing market confidence that the country's repeatedly delayed budget would be approved..
• South Africa’s parliament approved the final major budget bill late Wednesday, after the ruling coalition’s two largest parties resolved months of disputes.
• In the absence of key domestic releases, global factors are expected to steer rand movements for the remainder of the week..
• At GMT 10:39,the dollar was up 0.62 % at 17.602 against South African rand.
• Immediate resistance is located at 17.708(38.2%fib), any close above will push the pair towards 17.763(50%fib).
• Strong support is seen at 17.467(38.2%fib) and break below could take the pair towards 17.357(Lower BB)
Recommendation: Good to sell around 17.650 with stop loss of 17.770 and target price of 17.200


FxWirePro- Major European Indices
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
FxWirePro: GBP/NZD remains bullish as rally continues
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance 



