• The USD/ZAR inched higher on Tuesday as investors booked profits following Monday’s gains, which were driven by a surge in gold prices.
•The rand gained around 0.5% on Monday, buoyed by a sharp rise in gold, which surged over 2% to an all-time high as investors sought the safe-haven asset after the Trump administration launched a criminal probe into Federal Reserve Chair Jerome Powell.
• Like other risk-sensitive currencies, the rand is likely to be driven by global factors, including unrest in Iran and ongoing concerns over the Federal Reserve’s independence.
• Domestically, traders are keeping a close eye on talks around a potential extension of the U.S. trade preference scheme, AGOA.
• Immediate resistance is located at 16.571(SMA 20), any close above will push the pair towards 16.654(38.2%fib).
• Strong support is seen at 16.325 (23.6%fib) and break below could take the pair towards 16.240(Lower BB)
Recommendation: Good to sell around 16.500 with stop loss of 16.700 and target price of 16.200


FxWirePro- Major Pair levels and bias summary
GBP/JPY Bounces Off 210 Support: Bullish Bias Intact – Buy Dips Targeting 212
FxWirePro: AUD/USD sustains gains as uptrend remains strong
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
Ethereum Coils in Tight Range: Bullish Signals Emerge – Buy Dips Targeting $3600
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro: USD/JPY holds narrow range,focus on near-term support
GBPJPY Coiled in Tight Range: Bullish Bias Holds Above 210 – Buy Dips Targeting 212 Breakout
FxWirePro: USD/JPY caught in narrow range, bias bearish
FxWirePro: GBP/AUD neutral in the near-term, scope for downward resumption
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD downside pressure builds, key support level in focus
FxWirePro: EUR/NZD steadies above 2.0400, retains bid tone
FxWirePro: USD/ZAR remains weak, eyes 23.6%fib support
Bitcoin's Brutal 2025: Down 6.7% YTD, Hovering at $88K – Buy the Deep Dip at $67K Targeting $125K?
AUDJPY Holds Steady on New Year's Eve Lull: Bullish Bias Intact Above 103.80 – Buy Dips Targeting 107 



