• USD/ZAR edged higher on Friday as deteriorating global risk sentiment weighed on South African rand.
• Precious metals rebounded slightly from Thursday's heavy losses, with gold up 1.1% to $4,973.66 an ounce, after losing over 3% on Thursday, while silver climbed 3.2%, having plunged 10% overnight.
• Next week, local attention will turn to fourth quarter unemployment figures on Tuesday, January inflation data and December retail sales numbers on Wednesday.
•At GMT 16:42, the pair was trading up 0.32 percent at 15.970
• Immediate resistance is located at 16.221 (Jan 30th high ), any close above will push the pair towards 17.371(50%fib).
• Strong support is seen at 15.733(23.6%fib) and break below could take the pair towards 15.662(Lower BB)
Recommendation: Good to sell around 16.050 with stop loss of 16.250 and target price of 15.900
