• The USD/ZAR initially gained but gave up ground as investors reacted to mixed signals from U.S.-China trade talks.
•U.S. President Trump said Beijing initiated the upcoming high-level trade talks but insisted on keeping tariffs on Chinese goods, sending mixed signals about easing the Sino-U.S. trade war.
• The forthcoming meeting in Geneva between U.S. and Chinese officials could serve as a key moment to clarify each country's stance on trade, potentially shedding light on the direction of future negotiations..
• On the data front ,Statistics South Africa will release March manufacturing output data at 1100 GMT
•At GMT 10:05, the pair was trading up 0.02 percent at 18.237
• Immediate resistance is located at 18.396(38.2%fib), any close above will push the pair towards 18.626(50%fib).
• Strong support is seen at 18.076(23.6%fib) and break below could take the pair towards 17.977(Lower BB)
Recommendation: Good to sell around 18.400 with stop loss of 18.700 and target price of 18.100
