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FxWirePro: USD/ZAR loses momentum but outlook is bullish

• USD/ZAR  slipped lower on Friday  as market participants remained wary of the potential economic impact of U.S. President Donald Trump's tariffs.

• On Wednesday, President Trump announced a 25% tariff on all imported vehicles and foreign-made auto parts, which is set to take effect after midnight on April 3.

•Market participants are closely watching how this will affect both the U.S. and international economies, including emerging markets like South Africa, as such tariffs could lead to higher costs and strained trade relationships.

• Meanwhile ,domestic investors are closely watching Friday's budget balance data to evaluate the state of Africa's top economy.

• Immediate resistance is located at 18.359  (38.2%fib), any close above will push the pair towards 18.456(Higher BB).

• Strong support is seen at 18.6124(50%fib) and break below could take the pair towards 17.856(Lower BB).

Recommendation: Good to buy around 18.100 with stop loss of 18.000 and target price of 18.300

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