• USD/ZAR declined sharply on Friday as South African rand jumped after comments by Federal Reserve Chair Jerome Powell signalled an interest rate cut next month.
• Like other risk-sensitive currencies, the rand frequently responds to global influences like U.S. monetary policy, alongside significant domestic factors.
• Next week, investors will turn their attention to July’s producer inflation, money supply, trade, and budget balance figures for insights into the health of South Africa's economy.
• Immediate resistance is located at 17.8568 (38.2%fib), any close above will push the pair towards 18.0038(50%fib).
• Strong support is seen at 17.6830 (23.6%fib) and break below could take the pair towards 17.5828 (Lower BB).
Recommendation: Good to buy around 17.7040 with stop loss of 17.8700 and target price of 17.5560


FxWirePro- Major Crypto levels and bias summary
Aussie Consolidates After Peak: AUDJPY Bulls Eye a Strategic Entry for the 115.00 Target
FxWirePro:NZD/USD jumps as RBNZ warns of higher OCR potential
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD reverses course, bias back to downside
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
FxWirePro: GBP/AUD takes back some lost ground
NZD/JPY Rockets as Kiwi Dollar Resilience Defies the Oil Shock
FxWirePro: EUR/AUD falls below 1.6600 level, plunge to test a key fibo grows
Kiwi Ascendant: NZDJPY Bulls Eye Multi-Year Peaks Amid Triple-Day Rally
Euro Ascendant: EUR/USD Breaks $1.17 as Geopolitical Relief Sparks a Bullish Surge
FxWirePro- Major European Indices
Pound Sterling Power: GBP/JPY Secures Third Day of Gains as Global Risk Tensions Recede
FxWirePro: USD/ZAR slips sharply lower as US-Iran ceasefire lifts risk appetite
FxWirePro: USD/CNY falls to three-year high, scope for further downside
Pound on Pause: GBPJPY Bulls Regroup for a Potential Sprint Toward 215.00 



