• USD/ZAR slipped lower on Thursday after the central bank raised interest rates and April producer inflation accelerated sharply.
· The South African Reserve Bank raised its policy rate by 25 basis points to 7%, marking its first rate hike in three years.
· The move makes South Africa one of the few emerging markets to tighten monetary policy during the Iran war.
· The central bank said the hike was needed to steer inflation back to target after a sharp rise in April..
· Data on Thursday showed producer inflation accelerated sharply to 4.8% year-on-year in April from 2.3% in March.
• Immediate resistance is located at 16.490 (50%fib), any close above will push the pair towards 16.809(61.8%fib).
• Strong support is seen at 16.193(38.2%fib) and break below could take the pair towards 16.124(LowerBB).
Recommendation: Good to sell around 16.250 with stop loss of 16.550 and target price of 16.000


FxWirePro: USD/CAD steadies around 1.3835,retains bid tone
Bitcoin Cracks $75K as $1.3B ETF Exodus and Middle East Jitters Spook Bulls; Bears Eye $70K
FxWirePro- Woodies pivot (Major)
Aussie-Yen Retreats to 113.50 on Broad AUD Weakness—Bulls Circle 113.30 Dip for 115 Charge
FxWirePro: USD/JPY edges higher as geopolitical risks support dollar demand
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD slips as RBNZ holds rates steady after split decision
FxWirePro: AUD/USD downside pressure builds, key support level in focus
USD/CHF Smashes Higher to 0.7899 on Dollar Dominance—Bulls Bet on 0.7865 Dips for 0.8000 Breakout
FxWirePro- Woodies pivot (Major)
ETH Cracks $2,100 in Bitcoin’s Wake as Bearish EMA Stack Deepens; Sellers Target $1,900 on Rallies
Euro Buckles as Geopolitical Fear Fuels Dollar Bid—1.1660 Rallies Seen as Fresh Selling Opportunity for 1.1525
FxWirePro: GBP/USD slips lower as markets struggle to read U.S.-Iran situation
NZD/JPY Triple-Top Rejection Sparks Pullback—Bulls Circle 93.50 Dip to Reload for 95 Assault
FxWirePro: USD/ZAR momentum strongly bearish despite pause in losses
Ethereum Cracks Below $2,000 as Bitcoin Contagion Bites—Bearish EMA Stack Sets Sights on $1,700 



