• The USD/ZAR strengthened on Tuesday as U.S. President-elect Donald Trump's tariff threat on emerging markets.
• Trump pledged to impose significant tariffs on the U.S.'s three largest trading partners—Canada, Mexico, and China—outlining his plans to fulfill campaign promises that could lead to trade wars.
• Commodity-linked currencies, including the rand, were hit hard following the announcement due to their strong ties to China.
•At GMT 11:22, the pair was trading last up 0.30 percent at 18.095 after hitting highest since Nov 5th
• Immediate resistance is located at 18.219 (Daily hiigh), any close above will push the pair towards 18.897 (23.6%fib).
• Strong support is seen at 18.031 (50%fib) and break below could take the pair towards 17.992 (SMA 14)
Recommendation: Good to buy around 18.080 with stop loss of 17.900 and target price of 18.250
