• USD/ZAR strengthened on Tuesday as greenback continued to advanced after the U.S. finalized a pivotal trade pact with the EU.
• The dollar gained as markets welcomed a last-minute trade agreement between the U.S. and the European Union, with talks with China still underway ahead of the looming deadline
• Looking ahead, the South African Reserve Bank is set to announce its rate decision on Thursday, with economists polled by Reuters widely expecting a 25 basis point cut.
• Meanwhile, Investors are also awaiting the Fed's policy decision later this week, with the central bank expected to hold rates steady despite renewed pressure from President Trump on Chair Jerome Powell to ease borrowing costs.
• At 10:57 GMT, the dollar was trading at 17.936 up 0.45% against the rand,highest level since 11th July .
• Immediate resistance is located at 18.0876 (50%fib), any close above will push the pair towards 18.160(Higher BB).
• Strong support is seen at 17.791 (38.2%fib) and break below could take the pair towards 17.745 (SMA 20).
Recommendation: Good to buy around 17.900 with stop loss of 17.400 and target price of 18.300
