• USD/ZAR rose on Monday as greenback continued rise ahead of US CPI data due later this week
• The consumer price index increased 0.2% last month after rising by a similar margin in July, the Labor Department's Bureau of Labor Statistics said.
• Focus will be on U.S. consumer price inflation data on Wednesday, as well as a raft of other data this week for more indications on the health of the economy and outlook for interest rates.
• Traders will be watching Wednesday's consumer price data for stickiness that could scupper the chances of an interest rate cut at the Federal Reserve's next meeting in December.
• Immediate resistance is located at 18.027 (38.2%fib), any close above will push the pair towards 18.207 (23.6%fib).
• Strong support is seen at 17.869 (50%fib) and break below could take the pair towards 17.726 (61.8%fib).
Recommendation: Good to buy around 17.930 with stop loss of 17.850 and target price of 18.120
