FxWirePro: USD/ZAR rises as rand weakens amid tariff fears

• The USD/ZAR rose   on Friday  as rand  continued to weakened as investors worried about the impact of U.S. President Donald Trump's sweeping tariffs.

• Trump's 10% baseline tariff on all imports and higher duties on countries like South Africa have shaken the markets.

•Tariffs could damage South Africa's economy by reducing exports like vehicles, metals, and citrus fruits.

• Investors have shifted from riskier currencies like the rand to safer assets like bonds and gold, fearing a trade dispute could slow the global economy and spark inflation.

 •At GMT 10:19, the pair was trading up 1.62 percent  at 19.016

• Immediate resistance is located at 19.126  (Daily high), any close above will push the pair towards 19.235(23.6%fib).

• Strong support is seen at 18.951 (38.2%fib) and break below could take the pair towards 18.673(50%fib)

Recommendation: Good to buy around 19.000 with stop loss of 18.650 and target price of 19.200