• USD/ZAR rose on Friday as dollar firmed as markets digested the U.S. Federal Reserve's decision maintained a cautious stance on rate cuts.
•The South African Reserve Bank (SARB) central bank left its main interest rate unchanged , keeping the repo rate at 7.50%
• The risk-sensitive rand has been hit by a national budget deadlock, U.S. tensions, and uncertainty over Trump’s tariffs.
At GMT 15:44, the pair was trading up 0.34 percent at 18.206 .
• Immediate resistance is located at 18.278 (March 19th high), any close above will push the pair towards 18.408 (38.2%fib).
• Strong support is seen at 18.099(50%fib) and break below could take the pair towards 17.997 (Lower BB).
Recommendation: Good to buy around 18.200 with stop loss of 18.100 and target price of 18.350
