• USD/ZAR slipped against dollar on Friday as investor focus shifted towards U.S. President-elect Donald Trump's inauguration on Monday.
• Trump's Jan. 20 inauguration as the 47th U.S. president is expected to usher in a wave of executive orders on taxes and tariffs, coinciding with the peak of the fourth-quarter earnings season.
• With U.S. markets closed Monday for Martin Luther King Jr. Day, investors may have to wait until Tuesday for a full market reaction.
• At GMT 10:10 the pair was trading down 0.52 percent at 18.707.
• Immediate resistance is located at 18.962(38.2%fib), any close above will push the pair towards 19.000(Psychological level).
• Strong support is seen at 18.668(50%fib) and break below could take the pair towards 18.509 (Jan 7th low).
Recommendation: Be on sidelines
