• USD/ZAR strengthened on Wednesday as greenback firmed as Investors looked for more clues on U.S. President-elect Donald Trump's proposed policies.
• Investors are also awaiting Trump's announcement of a Treasury Secretary, a key cabinet position responsible for overseeing the nation's financial and economic policy.
• Traders are scaling back their expectations for an interest rate cut at the Fed's December meeting, with the probability now at 55.5%, down from 82.5% just a week ago, based on CME's FedWatch Tool.
At GMT 15:26, the pair was trading up 0.26 percent at 18.117 after reaching daily high at 18.186.
• Immediate resistance is located at 18.1860(Daily high), any close above will push the pair towards 18.3443(23.6%fib).
• Strong support is seen at 18.0933 (38.2%fib) and break below could take the pair towards 17.9296 (Sep 2nd low).
Recommendation: Good to buy around 18.100 with stop loss of 17.980 and target price of 18.250
