• USD/ZAR strengthened on Wednesday as stronger dollar offset better-than expected domestic inflation and retail sales data.
• The greenback firmed as investors awaited the Federal Reserve’s rate decision, with policymakers widely expected to keep rates unchanged.
• South Africa’s annual inflation eased to 3% in February, hitting the central bank’s target, though analysts warn the slowdown may be temporary due to inflation risks from the ongoing Middle East conflict.
• South Africa's retail sales data showed a 4.2% year on year increase in January compared to the 2.5% predicted by economists.
•Like other risk-sensitive currencies, the rand often takes its cue from global drivers such as U.S. policy.
• Immediate resistance is located at 16.830 (38.2%fib), any close above will push the pair towards 17.135(23.6%fib).
• Strong support is seen at 16.555(50%fib) and break below could take the pair towards 16.356(SMA 20)
Recommendation: Good to buy around 16.800 with stop loss of 16.600 and target price of 17.100


ETH/USD Trade Setup: Buy Dips Near $2,300 with Eyes on a $3,000 Breakout Target
Bitcoin Eyes $90K as $3B ETF Inflow Streak Overpowers Hawkish Fed
FxWirePro: GBP/AUD dips below 1.9000 level , vulnerable to more downside
FxWirePro: GBP/USD trades in narrow range as markets await Fed guidance
FxWirePro: GBP/AUD extends decline, vulnerable to more downside
FxWirePro: EUR/NZD neutral in the near term, scope for downward resumption
FxWirePro: USD/CNY hovers around 3-1/2 years low, Outlook bearish
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
FxWirePro:EUR/NZD bears maintain upper hand
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD slips lower as dollar firms after Warsh comments
EUR/USD Consolidation Setup: Buy Dips at 1.1650 for a Move to 1.1760
FxWirePro- Woodies Pivot (Major) 



