• 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
