• USD/ZAR traded flat on Monday as investors awaited South Africa's consumer price index (CPI) data and a central bank meeting later this week.
• South Africa's Bureau for Economic Research will release its third-quarter inflation expectations survey around 0800 GMT on Wednesday .
• South Africa’s central bank will deliver its policy decision on Thursday, after consumer inflation and retail sales figures due Wednesday provide fresh insight into the economy.
• The data is expected to provide critical signals on price trends and household demand, shaping market expectations for the Reserve Bank’s stance.
•At GMT 15:16, the pair was trading down 0.02 percent at 17.367
• Immediate resistance is located at 17.439(38.2%fib), any close above will push the pair towards 17.554(50%fib).
• Strong support is seen at 17.380(23.6%fib) and break below could take the pair towards 17.270(Lower BB)
Recommendation: Good to sell around 17.400 with stop loss of 17.600 and target price of 17.100
