• The USD/ZAR steadied on Thursday as the dollar continued to benefit from Donald Trump's U.S. election win.
• Trump's proposals for lower taxes and higher tariffs are expected to drive inflation and limit the Federal Reserve's ability to cut interest rates, providing support for the dollar.
• Following the U.S. election last week, the rand has depreciated more than 5% versus the US dollar as investors anticipate that Trump's policies will boost short-term economic growth and possibly increase inflationary pressures.
•At GMT 14:30, the pair was trading up 0.07 percent at 18.237
• Immediate resistance is located at 18.355(23.6%fib), any close above will push the pair towards 18.7409(Higher BB).
• Strong support is seen at 18.147(38.2%fib) and break below could take the pair towards 18.000(Psychological level)
Recommendation: Good to buy around 18.230 with stop loss of 18.000 and target price of 18.350
