• The USD/ZAR steadied on Tuesday as dollar rebounded after above forecast U.S. ISM non-manufacturing and JOLTS reduced Fed rate cut expectations.
• JOLTS job openings and ISM non-manufacturing PMI beat forecasts Tuesday, though the services jobs sub-index dipped..
• The rand gained earlier after reports suggested Trump's aides were considering softer tariff plans than his 2024 campaign promises.
•At GMT 16:50, the pair was trading up 0.46 percent at 18.661
• Immediate resistance is located at 18.695(38.2%fib), any close above will push the pair towards 18.815(Jan 3rd high).
• Strong support is seen at 18.508(50%fib) and break below could take the pair towards 18.314(61.8%fib)
Recommendation: Good to buy around 18.500 with stop loss of 18.000 and target price of 18.850
