FxWirePro: USD/ZAR runs out of steam but maintains bullish outlook

• USD/ZAR gained briefly on Tuesday but lost momentum as fears of a global trade war prompted caution among investors.

• On Monday, Trump stated that tariffs on Canadian and Mexican imports were on time and on schedule, despite the countries' efforts to strengthen border security and curb the flow of fentanyl into the U.S. before the March 4 deadline.

• On the data front, South Africa's composite leading business cycle indicator  fell 1.8% month on month in December, central bank data showed on Tuesday.

•Looking ahead , investors are awaiting January's consumer inflation figures  on Wednesday and producer inflation data  for the same month on Thursday for insights into the health of Africa's most industrialized economy..

 •At GMT 12:08, the pair was trading up 0.06 percent  at 18.359.

• Immediate resistance is located at 18.549  (38.2%fib), any close above will push the pair towards 18.752(Higher BB).

• Strong support is seen at 18.268(50%fib) and break below could take the pair towards 18.183(Lower BB)

Recommendation: Good to sell around 18.500 with stop loss of 18.700 and target price of 18.200