• The USD/ZAR dipped on Friday as US dollar attracted sellers after data showed that U.S. job growth slowed in January.
• Nonfarm payrolls grew by 143,000 in January, following a revised 307,000 increase in December, according to the Labor Department's report.
• Economists had expected the establishment survey to show 170,000 jobs added.
•The moderation in job gains was payback after payrolls also surged by 261,000 jobs in November. Economists polled had expected the establishment survey to show 170,000 jobs added.
•At GMT 15:25, the pair as trading down 0.27 percent at 18.377
• Immediate resistance is located at 18.510 (Daily high), any close above will push the pair towards 18.1643(38.2%fib).
• Strong support is seen at 18.345 (50%fib) and break below could take the pair towards 18.196(Lower BB)
Recommendation: Good to sell around 18.400 with stop loss of 18.600 and target price of 18.200
