• The USD/ZAR edged lower on Monday as dollar dipped ahead of pivotal U.S.-China trade talks
• Top Trump aides are set to meet Chinese officials in London today to discuss the ongoing trade dispute, keeping global markets on alert..
• Domestic investors this week will focus on manufacturing and mining data to assess the health of South Africa's industrial sector.
• Like other risk-sensitive currencies, the South African rand is influenced by global factors such as U.S. monetary policy and economic indicators, alongside domestic developments.
•At GMT 08:06, the pair was trading down 0.29 percent at 17.713
• Immediate resistance is located at 18.000(Psychological level), any close above will push the pair towards 18.083(38.2%fib).
• Strong support is seen at 17.649(23.6%fib) and break below could take the pair towards 17.530(Lower BB)
Recommendation: Good to sell around 17.850 with stop loss of 18.200 and target price of 17.500
