• The USD/ZAR steadied on Wednesday as dollar continued to firm as investors banked on a more moderate decline in U.S. interest rates.
• The dollar has soared in recent weeks, with the U.S. dollar index , which measures the US currency against six others, at 103.24, near its peak since early August
• Traders currently see about a 96% chance of a 25-basis-point U.S. rate cut in November, according to the CME FedWatch tool
•At GMT 15:27, the pair was trading up 0.03 percent at 17.633
• Immediate resistance is located at 17.681(23.6%fib), any close above will push the pair towards 17.722(Higher BB).
• Strong support is seen at 17.556 (50%fib) and break below could take the pair towards 17.458(61.8%fib)
Recommendation: Good to buy around 17.610 with stop loss of 17.400 and target price of 17.700
