• The USD/ZAR fell further on Friday as South Africa's rand extended gains against weaker the dollar amid improved risk appetite.
• South Africa's rand has risen steadily since last week's significant interest rate hike by the Federal Reserve, reaching multiple 20-month highs.
•At GMT 16:47, the pair was trading down 0.37 percent at 17.099
• Immediate resistance is located at 17.255 (Daily high), any close above will push the pair towards 17.312(50%fib).
• Strong support is seen at 17.071 (23.6%fib) and break below could take the pair towards 17.000(Psychological level)
Recommendation: Good to sell around 17.090 with stop loss of 17.180 and target price of 17.000
