• USD/ZAR edge lower on Monday as investors grew cautious as they prepared for the March 4 tariff deadline.
•Trump last week threatened China with an extra 10% duty, set to take effect on Tuesday, resulting in a cumulative 20% tariff.
•On the data front, South African manufacturers experienced a further decline in business conditions in February, according to a local PMI survey released on Monday.
•The seasonally adjusted PMI, sponsored by Absa Bank, declined to 44.7 from 45.3 in January, remaining below the 50-point threshold that signals contraction.
•At GMT 12:24, the pair was trading down 0.04 percent at 18.644.
• Immediate resistance is located at 18.818 (38.2%fib), any close above will push the pair towards 19.00 (Psychological level).
• Strong support is seen at 18.650 (50%fib) and break below could take the pair towards 18.351(61.8%fib)
Recommendation: Good to buy around 18.600 with stop loss of 18.350 and target price of 18.900
