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• USD/ZAR dipped on Monday as rand attracted buyers aftermarket welcomed rating agency S&P's decision to raise the country's credit rating outlook.
• S&P upgraded South Africa's outlook to positive from stable on Friday, citing the new coalition government's plans for accelerated economic reforms and a rise in private investment..
•Looking Ahead, investor focus this week will be on South Africa’s October inflation figures and an interest rate decision by the South African Reserve Bank (SARB).
• At 14:50 GMT, the dollar was trading at 18.052 down 0.48 % against the rand ,its lowest since Nov 13th .
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• Immediate resistance is located at 18.142 (38.2%fib), any close above will push the pair towards 18.202(Daily high).
• Strong support is seen at 18044(Daily low) and break below could take the pair towards 17.967(50%fib).
Recommendation: Good to sell around 18.060 with stop loss of 18.150 and target price of 17.950
