• USD/ZAR rose on Thursday after robust U.S. jobs data on Wednesday reinforced bets that the Federal Reserve will not rush to cut interest rates.
• The greenback saw additional demand after an Iranian missile attack on Israel on Tuesday boosted safe-haven assets.
•Similar to other risk-sensitive currencies, the rand frequently aligns with global market influences.
•At GMT 15:07, the pair was trading up 1.05 percent ,highest level since 20 September.
• Immediate resistance is located at 17.615 (23.6%fib), any close above will push the pair towards 17.734 (Sep 16th high).
• Strong support is seen at 17.434 (38.2%fib) and break below could take the pair towards 17.3339 (50%fib).
Recommendation: Good to buy around 17.520 with stop loss of 17.400 and target price of 17.700
