• The USD/ZAR strengthened on Thursday as market participants seeked shelter in the dollar as a result of on-going Trump's trade policy uncertainties.
• U.S. President Donald Trump said Tuesday he's in no hurry to speak with Chinese President Xi Jinping to ease the trade war sparked by his 10% tariffs on all Chinese imports.
• In response, China imposed targeted tariffs on U.S. imports and warned several companies, including Google, of potential sanctions.
• Beijing's limited response to Trump's 10% tariff on all Chinese imports highlighted China's effort to engage Trump in talks and prevent a full-blown trade war
•At GMT 09:56, the pair was trading up 0.34 percent at 18.735
• Immediate resistance is located at 18.706 (38.2%fib), any close above will push the pair towards 19.000(Psychological level).
• Strong support is seen at 18.466 (50%fib) and break below could take the pair towards 18.187(61.8%fib)
Recommendation: Good to buy around 18.700 with stop loss of 18.450 and target price of 19.000


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