FxWirePro: USD/ZAR falls below 18.000, bears keep the advantage

• USD/ZAR dipped on Thursday as investors digested South Africa’s rate cut and   U.S. GDP data.

• USD The second estimate of U.S. GDP showed a 0.1% contraction in the first quarter of 2025, the Bureau of Economic Analysis reported on Thursday.

• South Africa's central bank lowered its main interest rate by 25 basis points to 7.25% on Thursday, following a second straight month of inflation falling below its target range..

• The central bank's Monetary Policy Committee (MPC) was divided on the rate decision, with five members supporting a 25 basis point cut and one member advocating for a deeper 50 basis point reduction.

 •At GMT 14:24, the pair was trading down   0.55percent  at 17.794

• Immediate resistance is located at 18.022 (38.2%fib), any close above will push the pair towards 18.234(50%fib).

• Strong support is seen at 17.734(23.6%fib) and break below could take the pair towards 17.638(Lower BB).

Recommendation: Good to sell  around 17.900 with stop loss of 18.100 and target price of 17.600