• USD/ZAR dipped on Thursday as South African rand firmed as the dollar tumbled after U.S. jobs growth came in weaker than expected.
• U.S. non-farm payrolls increased by just 57,000 in June, significantly below market expectations of 110,000, while the unemployment rate unexpectedly edged down to 4.2% from 4.3%.
• Oil prices fell nearly 2% after Qatar announced that Iran and the United States had made progress in talks over the Strait of Hormuz, easing concerns over potential supply disruptions.
• With no major domestic economic data to guide trading, the South African rand remained driven by global factors, particularly U.S. economic data, shifts in risk sentiment, and geopolitical developments.
• Immediate resistance is located at 16.435 (50%fib), any close above will push the pair towards 16.604 (Higher BB).
• Strong support is seen at 16.197(Lower BB) and break below could take the pair towards 16.096 (38.2%fib).
Recommendation: Good to sell around 16.300 with stop loss of 16.500 and target price of 16.100


JPY Major Currency Score: NZDJPY and AUDJPY Lead with Extremely Bullish Momentum
FxWirePro:EUR/NZD bears maintain upper hand
FxWirePro: GBP/USD trades in narrow range as markets await Fed guidance
FxWirePro: AUD/USD hits three-month peak,scope for futher upside
FxWirePro: GBP/AUD dips below 1.9000 level , vulnerable to more downside
FxWirePro: GBP/USD slips lower as dollar firms after Warsh comments
FxWirePro: USD/CAD rises above 1.3900 level after Warsh's Jackson hole speech
FxWirePro- Major Pair levels and bias summary
Bitcoin Eyes $90K as $3B ETF Inflow Streak Overpowers Hawkish Fed
FxWirePro: USD/CNY hovers around 3-1/2 years low, Outlook bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
FxWirePro: GBP/NZD uptrend loses steam, remains on bearish path
FxWirePro: USD/JPY trades flat ahead of Warsh's policy signals 



