• USD/ZAR dipped on Thursday as the dollar weakened amid ongoing trade tensions, despite Trump’s one-month tariff exemption for Canadian and Mexican automakers.
• As Trump’s new tariffs on China, Mexico, and Canada take effect, igniting another trade war, global supply chain face increased risks.
• Looking ahead, the spotlight is on Friday's non-farm payrolls report, which is expected to show a gain of 160,000 jobs for February.
•At GMT 15:08, the pair was trading down 0.55 percent at 18.162
• Immediate resistance is located at 18.292 (38.2%fib), any close above will push the pair towards 18.500(50%fib).
• Strong support is seen at 18.148 (Lower BB) and break below could take the pair towards 18.050(23.6%fib)
Recommendation: Good to sell around 18.200 with stop loss of 18.450and target price of 18.050
