• The USD/ZAR slipped loweron Monday as south African rand was boosted by higher gold price.
•Gold traded just above the $5,000-per-ounce level as investors awaited jobs and inflation data due later in the week to gauge the trajectory of U.S. interest rates.
• Gold and platinum prices have recovered from their lows, offering some comfort that the ZAR.
• On the data front, South Africa's statistics agency will also publish December mining and manufacturing figures on Thursday.
• Immediate resistance is located at 16.067(38.2%fib), any close above will push the pair towards 16.126(SMA 20).
• Strong support is seen at 15.870 (Daily low) and break below could take the pair towards 15.590(23.6%fib)
Recommendation: Good to sell around 15.930 with stop loss of 16.000 and target price of 15.850
