• USD/ZAR initially gained on Monday but gave up ground as traders awaited South African and US economic data .
• South African inflation data for January will be released on Wednesday, with expectations for year-on-year CPI to increase to 3.3% from 3.0% in December.
• January producer price data will be released on Thursday, with a 1.0% year-on-year increase expected. Trade and budget balance figures for January are scheduled for release on Friday.
• The U.S. will release personal consumption expenditure index data for January and the fourth quarter of 2024 later in the week.
•At GMT 11:23, the pair was trading down 0.15 percent at 18.359.
• Immediate resistance is located at 18.602 (50%fib), any close above will push the pair towards 18.704(Higher BB).
• Strong support is seen at 18.290(61.8%fib) and break below could take the pair towards 18.181(Lower BB)
Recommendation: Good to sell around 18.360 with stop loss of 18.420 and target price of 18.220


FxWirePro- Major European Indices
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD recovers slightly from early decline but bears are not done yet
Ethereum Joins the Rally: ETH Reclaims USD 2,100 Following Bitcoin's Lead
FxWirePro- Major European Indices
FxWirePro: GBP/USD outlook weaker on renewed downside pressure
Aussie Ascent: AUDJPY Reclaims 110.00 as Bullish Momentum Ignites
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
FxWirePro- Major Pair levels and bias summary
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm
Ethereum Retreats Toward USD 2,000: Technicals Signal Caution as ETH Mimics Bitcoin’s Pullback
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD remains buoyant, looks to extend gains
FxWirePro: EUR/AUD eases slightly but trend is still bullish
FxWirePro: USD/JPY holds range near 160 as intervention risks loom 



