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FxWirePro: USD/ZAR AUD bulls gear up for next leg higher, eyes 1.8300 level

• The USD/ZAR strengthened    on Monday   as US dollar rebounded strongly after U.S. President-elect Donald Trump warned BRICS members against adopting a new currency.

• In a surprising shift, Trump on Saturday demanded that BRICS countries pledge not to create or support a currency that could replace the dollar, or face 100% tariffs..

• On the data front, South Africa's PMI for November will be released at 0900 GMT, providing insights into manufacturing conditions in Africa's most industrialized economy.

 •At GMT 08:43, the pair was trading last up 0.55 percent  at 18.139 

• Immediate resistance is located at 18.171(Daily high), any close above will push the pair towards 18.303 (23.6%fib).

• Strong support is seen at 18.051(38.2%fib) and break below could take the pair towards 17.948(SMA 21)

Recommendation: Good to buy  around 18.130 with stop loss of 18.000  and target price of 18.300

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