• USD/ZAR edged higher on Tuesday as rand was weighed down by high oil prices as hopes for a deal to end the Iran conflict remained uncertain.
• U.S. Secretary of State Marco Rubio said a deal with Iran could take a few more days, dampening hopes for a quick end to the conflict after U.S. forces carried out what Washington described as defensive strikes in southern Iran.
• On the data front, South Africa’s composite leading business cycle indicator rose 2.4% month-on-month in March 2026, after a revised 0.6% increase in February.
• The country’s central bank is set to announce its interest rate decision on Thursday, with economists polled by Reuters expecting a 25 basis point rate hike.
• Like other risk-sensitive currencies, the rand is influenced by global factors as well as domestic economic data.
• Immediate resistance is located at 16.468 (50%fib), any close above will push the pair towards 16.527(SMA 20).
• Strong support is seen at 16.247(Lower BB) and break below could take the pair towards 16.131(38.2%fib).
Recommendation: Good to sell around 16.480 with stop loss of 16.560 and target price of 16.400


FxWirePro- Major Pair levels and bias summary
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EURJPY Breaks the 185 Ceiling: EMA Trifecta Backs a Bullish Run to 187
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AUDJPY Spring-Loaded: Triple EMA Bullish Trifecta Targets 116 Breakout
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FxWirePro: USD/JPY edges higher as traders monitor Middle East developments
EUR/JPY Bullish Above 185: Triple EMA Shield Targets 187.25–188 Breakout
FxWirePro: AUD/USD eases as US-Iran questions mount
FxWirePro: USD/ZAR downside pressure builds, key support level in focus
Ether Breaks Below $2,100: Triple EMA “Sell-the-Rally” Setup Targets $1,900
FxWirePro: GBP/USD rises as hopes for U.S.-Iran deal boost risk appetite
FxWirePro: GBP/USD eases slightly as Iran deal proves elusive
AUD/JPY: Triple EMA “Buy-the-Dip” Setup Targets 115 With Layered Support Intact
FxWirePro: USD/CNY edges higher as market sentiment turns cautious 



