• USD/ZAR strengthened on Friday as dollar strengthened ahead of key U.S. inflation reading due later in the day..
• The USD/ZAR pair has been volatile in recent sessions, driven by South African budget disputes and growing uncertainty surrounding U.S. President Donald Trump's tariff plans.
• Looking ahead, investors are closely watching the Personal Consumption Expenditures (PCE) data, the Federal Reserve's preferred inflation measure, for insights into its future monetary policy direction.
•At GMT 11:28 the pair was trading up 0.18 percent at 18.477.
• Immediate resistance is located at 18.584 (38.2%fib), any close above will push the pair towards 18.642(Higher BB).
• Strong support is seen at 18.302(50%fib) and break below could take the pair towards 18.237(Lower BB)
Recommendation: Good to buy around 18.450 with stop loss of 18.300 and target price of 18.550
