• USD/ZAR strengthened on Thursday as rand slipped ahead of an interest rate decision by the central bank.
• The South African Reserve Bank will announce its final interest rate decision of the year later on Thursday.
• Economists polled expect the central bank to reduce the repo rate by 25 basis points on Thursday.
At GMT 08:33 the pair was trading up 0.26 percent at 18.167.
• Immediate resistance is located at 18.180(38.2%fib), any close above will push the pair towards 18.306(Nov 25th high).
• Strong support is seen at 18.099(5SMA) and break below could take the pair towards 17.978 (50%fib).
Recommendation: Good to buy around 18.100 with stop loss of 17.980 and target price of 18.250
