• The USD/ZAR rose strongly on Thursday as South African rand dropped wrapping up a volatile trading week that was heavily influenced by Donald Trump's victory in the U.S. presidential election.
• This week, the rand has largely followed global trends, reacting to factors such as expectations for U.S. interest rates and the Federal Reserve's latest monetary policy announcement on Thursday.
• The rand plunged on Wednesday following the news that Trump had won the U.S. presidential race, but it reversed course on Thursday.
•At GMT 16:27, the pair was trading up 1.57 percent at 17.566
• Immediate resistance is located at 17.681(23.6%fib), any close above will push the pair towards 17.722(Higher BB).
• Strong support is seen at 17.556 (50%fib) and break below could take the pair towards 17.458(61.8%fib)
Recommendation: Good to buy around 17.550 with stop loss of 17.450 and target price of 17.700


AUDJPY Soars Past 112 on BOJ Rate Hike, Technicals Signal Bullish Momentum
FxWirePro: USD/JPY rises as yen weakens following BOJ's 25bp rate hike
NZDJPY Surges Past 90 Amidst BOJ Rate Hike Uncertainty
FxWirePro: USD/CAD neutral in the near term, scope for further upside
EUR/USD Dips Below 1.1500 Amidst Divergent Central Bank Policies and USD Strength
FxWirePro- Major Pair levels and bias summary
Major Currency Scores: USD/CAD Signals Extremely Bullish Momentum at +90
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies Pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path
FxWirePro: USD/CAD loses upside momentum but outlook is bullish
BoE Pause Pulls Back Sterling: GBP/JPY Dips to 207.92 Despite Hawkish Undercurrents
FxWirePro: GBP/USD falls after BoE holds rates and warns of further hikes
FxWirePro: USD/ZAR slips as rand benefits from steady commodity prices
FxWirePro- Major Pair levels and bias summary 



