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FxWirePro: USD/ZAR positions for another climb, eyes 19.000 level

• USD/ZAR strengthened on Friday  as South Africa's rand eased   amid choppy trading after starting the year on a strong note.

• After a volatile end to 2024, the rand closed about 0.8% higher on Thursday.

•Investor attention will shift to S&P Global on Monday, as it releases South Africa’s whole-economy PMI survey, offering insights into business conditions in South Africa for December.

• At GMT 15:57 the pair was trading up 0.05 percent  at 18.760.

• Immediate resistance is located at 18.914 (23.6%fib), any close above will push the pair towards 19.000(Psychological level).

• Strong support is seen at 18.696(38.2%fib) and break below could take the pair towards 18.506 (50%fib).

Recommendation: Good to buy around 18.700 with stop loss of 17.500 and target price of 19.000

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