• USD/ZAR strengthened on Wednesday as rand was pressured by a firmer dollar and hawkish signals from the U.S. Federal Reserve that dampened appetite for riskier assets.
• Expectations for a Fed rate increase have strengthened following last week's policy decision, as recent remarks from officials highlighted persistent inflation concerns despite a resilient economy..
• The U.S. dollar was additionally buoyed by continued ambiguity surrounding the fragile peace agreement with Iran..
•Like other risk-sensitive currencies, the rand often takes cues from global drivers such as U.S. policy and economic data in addition to domestic reports.
• Immediate resistance is located at 16.652 (Higher BB), any close above will push the pair towards 16.778 (38.2%fib).
• Strong support is seen at 16.448(50%fib) and break below could take the pair towards 16.352(SMA 20).
Recommendation: Good to buy around 16.550 with stop loss of 16.300 and target price of 16.800


FxWirePro- Major Pair levels and bias summary
BTC Slips Below $60K as Institutional Demand Dries Up — Bears Eye $59K Support, Rallies to $63K for Shorts
AUDJPY Breaks Key Trendline Support — Bears Eye 110 as Momentum Accelerates
FxWirePro: EUR/AUD bullish outlook with scope to target 1.6500
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
Aussie-Yen Trapped Below 113: Sell the Bounce as Bears Reload for a Run at 110
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
Fed-ECB Policy Chasm Sends EURUSD Tumbling to 1.1375; Bearish Momentum Builds Toward 1.1300
FxWirePro: USD/JPY edges higher as the yen remains vulnerable despite repeated warnings of intervention.
Pound-Yen Pullback: GBP/JPY Slips Below Key EMAs as Sterling Weakness Fuels Bearish Bet on 210
NZDJPY: The Kiwi Yen's Bull Run Hits a Brick Wall at 92 — Sell the Rally?
Sterling Slump Sends GBPJPY Toward 212.60 — Bearish EMA Stack Eyes 210
FxWirePro: GBP/NZD gaining momentum for a move towards 2.3350level 



