• USD/ZAR rose higher on Wednesday dollar gained as after Donald Trump secured victory in the presidential election.
• The dollar steadily gained overnight as it became increasingly clear that Donald Trump would return to the White House and that the Senate would likely shift back to a Republican majority.
• Trump's return will bring new economic uncertainties and risks of U.S. tariffs disrupting trade.
• At 15:13 GMT, the dollar was trading at 17.674 up 1.64 % against the rand after hitting highest level since October 23rd .
• Immediate resistance is located at 17.753 (Oct 31st high), any close above will push the pair towards 17.831(23.6%fib).
• Strong support is seen at 17.655 (38.2%fib) and break below could take the pair towards 17.600 (5SMA).
Recommendation: Good to buy around 17.680 with stop loss of 17.600 and target price of 17.800
