• USD/ZAR traded largely flat on Friday as lingering uncertainty over the Middle East conflict kept markets cautious.
• Middle east tensions between Israel and Iran continued to cast a shadow over global market sentiment, limiting risk appetite and keeping the currency pair confined to a narrow range.
• No major domestic data is due on Friday, but investors will turn their attention to next week’s producer inflation and leading indicator releases for insights into the health of South Africa’s industrial economy.
• At GMT 08:46, the dollar was trading up 0.07% at 18.25 against South African rand.
• The technical outlook is positive, as RSI holds at 53 and short-term momentum studies (5-, 9-, and 11-day DMAs) continue to rise.
• Immediate resistance is located at 18.042(38.2%fib), any close above will push the pair towards 18.125(Higher BB).
• Strong support is seen at 17.748(June 17th low) and break below could take the pair towards 17.629(23.6%fib)
Recommendation: Good to buy around 18.000 with stop loss of 17.800 and target price of 18.500


FxWirePro- Major European Indices
AUDJPY Rangebound: Bulls Hold 102, Watch for Breakout Above 102.85
EURJPY Carves Triple Bottom at 180.20 – Bulls Ready to Storm 182-183 as Breakout Momentum Builds
FxWirePro: GBP/AUD downtrend extends ,eyes 23.6%fib support
FxWirePro: GBP/NZD slide lower shifts pressure to the downside
FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed
FxWirePro: USD/JPY dips below lower range, bearish bias increases
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro: GBP/NZD edges higher but bearish outlook persists
FxWirePro: USD/CAD downside pressure builds, key support level in focus
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Pair levels and bias summary
GBPJPY Eyes 208: Pound Pulls Back, Bulls Guard 206
FxWirePro: USD/CAD outlook weaker on renewed downside pressure 



