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• The USD/ZAR edged lower on Tuesday as investors awaited South Africa's third-quarter GDP data, which could offer insights into the health of Africa's most industrialized economy.
• Analysts expect growth to improve, driven by increased political stability following the May election. Economists forecast third-quarter growth of 1.2% year-on-year. The data is due to be released at 0930 GMT.
•At GMT 09:19, the pair was trading last down 0.17 percent at 18.084
• Immediate resistance is located at 18.312 (23.6%fib), any close above will push the pair towards 18.394 (Nov 14th high).
• Strong support is seen at 18.099(38.2%fib) and break below could take the pair towards 18.000(Psychological level)
Recommendation: Good to buy around 18.050 with stop loss of 17.900 and target price of 18.250
