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FxWirePro: USD/ZAR remains bullish as rally continues

• USD/ZAR gained   on Thursday as investors assessed the outlook for tariffs and the economy under Trump.

• Trump caused confusion on Wednesday by signaling that duties on top trading partners Canada and Mexico would take effect on April 2, marking another month-long delay.

• Mixed signals from the Trump administration over the timing of tariffs intensified the dollar’s appeal as a safer asset.

•Markets will focus on U.S. GDP and durable goods data later on Thursday for signs of a slowdown, with the PCE index, the Fed's preferred inflation measure, set for release on Friday.

 •At GMT 11:57, the pair was trading up 0.37 percent  at 18.416.

• Immediate resistance is located at 18.624 (38.2%fib), any close above will push the pair towards 18.666(Higher BB).

• Strong support is seen at 18.343(50%fib) and break below could take the pair towards 18.235(Lower BB)

Recommendation: Good to buy around 18.400 with stop loss of 18.200 and target price of 18.700

  • Market Data
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