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FxWirePro- Woodies pivot (Major) 
• The USD/ZAR rose strongly on Thursday as South African rand dropped wrapping up a volatile trading week that was heavily influenced by Donald Trump's victory in the U.S. presidential election.
• This week, the rand has largely followed global trends, reacting to factors such as expectations for U.S. interest rates and the Federal Reserve's latest monetary policy announcement on Thursday.
• The rand plunged on Wednesday following the news that Trump had won the U.S. presidential race, but it reversed course on Thursday.
•At GMT 16:27, the pair was trading up 1.57 percent at 17.566
• 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 17.550 with stop loss of 17.450 and target price of 17.700
