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FxWirePro: USD/ZAR recovers slightly but bears are not done yet

• The USD/ZAR edged higher on Monday  as   rand weakened as investors weighed what the Federal Reserve might look like under President Trump's reported pick for chair  Kevin Warsh.

• South African manufacturing sentiment fell in December to its lowest level for 2025, driven by steep declines in inventories and employment sub-indices.

•Investors will then turn their focus to vehicle sales   data for January due around 1200 GMT, which will give a snapshot of consumer demand for big-ticket items.

•Like other risk-sensitive currencies, the rand often takes cues from global drivers such as U.S. policy in addition to local factors.

• Immediate resistance is located at 16.384(Higher BB), any close above will push the pair towards 16.475(Jan 20th high).

• Strong support is seen at 16.059 (38.2%fib) and break below could take the pair towards 15.756(Lower BB)

Recommendation: Good to sell around 16.200 with stop loss of 16.500 and target price of 16.000

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