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FxWirePro: USD/ZAR rebounds, critical resistance lies ahead

• USD/ZAR rose on Thursday as markets digested the U.S. Federal Reserve's decision to hold interest rates steady and lower the nation's growth forecast on Wednesday.

• The risk-sensitive rand has been hit by a national budget deadlock, U.S. tensions, and uncertainty over Trump’s tariffs.

• Investor focus will be on the SARB's rate decision Thursday for insights into the health of Africa's most industrialized economy..

 At GMT 10:16, the pair was trading up 0.73 percent  at 18.213 .

• Immediate resistance is located at 18.278  (38.2%fib), any close above will push the pair towards 18.449 (March 12th high).

• Strong support is seen at 17.993(50%fib) and break below could take the pair towards 17.888 (Lower BB).

Recommendation: Good to buy around 18.200 with stop loss of 18.100 and target price of 18.350

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