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FxWirePro: USD/ZAR consolidating around 18.365, room for further gains

• The USD/ZAR steadied on Friday as markets awaited key U.S. inflation print. • Attention is now on the release of the core PCE price datathe Fed's preferred inflation gauge later on Friday, for more insights into the U.…

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FxWirePro: USD/ZAR consolidating around 18.365, room for further gains
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• The USD/ZAR steadied on Friday as markets awaited  key U.S. inflation print.

• Attention is now on the release of the core PCE price datathe Fed's preferred inflation gauge later on Friday, for more insights into the U.S. economic outlook.

• Traders will be watching for clues on the extent of potential Fed policy easing next year, following its more cautious outlook for 2025 earlier this week.

 •At GMT 10:56, the pair was trading up 0.03 percent  at 18.365

• Immediate resistance is located at 18.424(23.6%fib), any close above will push the pair towards 18.527(Higher BB).

• Strong support is seen at 18.206(38.2%fib) and break below could take the pair towards 18.000(Psychological level)

Recommendation: Good to buy  around 18.350 with stop loss of 18.250 and target price of 18.450

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