FxWirePro: USD/ZAR edges higher but bearish outlook persists

• USD/ZAR edged higher on Friday as investors digested  the South African Reserve Bank's decision to keep interest rates unchanged.

• South Africa’s central bank kept its key lending rate unchanged at 7% on Thursday, in a close decision, as policymakers paused to gauge the effects of earlier rate cuts before considering further easing.

• Investors are also watching for tariff developments after South African Trade Minister Parks Tau held talks with U.S. Trade Representative Jamieson Greer.

• U.S. President Donald Trump last month imposed a 30% tariff on imports from the country  the highest in Sub-Saharan Africa  a move that could result in tens of thousands of job losses.

• Next week’s economic calendar features business cycle leading indicator   data on Tuesday and producer inflation   figures on Thursday.

• Immediate resistance is located at 17.445(38.2%fib), any close above will push the pair towards 17.517(SMA 20).

• Strong support is seen at 17.250(23.6%fib) and break below could take the pair towards 17.167(Lower BB)

Recommendation: Good to sell  around 17.430 with stop loss of 17.500 and target price of 17.150