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FxWirePro: USD/ZAR steadies around 17.700 after early weakness

• USD/ZAR edged higher on Friday as traders await tariff updates after Ramaphosa-Trump call. • U.S. imports from South Africa now face a 30% duty the highest in Sub-Saharan Africa but President Ramaphosa's office said he…

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FxWirePro: USD/ZAR steadies around 17.700 after early weakness
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• USD/ZAR edged higher on Friday  as   traders await tariff updates after Ramaphosa-Trump call.

•   U.S. imports from South Africa now face a 30% duty the highest in Sub-Saharan Africa but President Ramaphosa's office said he spoke with Trump, and trade teams from both nations will hold further talks.

• Next week's releases include manufacturing output  , mining production, unemployment figures and retail sales data  .

• These releases will provide valuable insights into industrial activity, labor market conditions, and consumer spending trends, offering a broader view of the economy's overall health and momentum.".

• At GMT 15:16 ,the dollar   was up 0.19 % at 17.710  against South African rand.

• Immediate resistance is located at 17.888 (Psychological level), any close above will push the pair towards 18.000 (Psychological level).

• Strong support is seen at 17.434 (23.6%fib) and break below could take the pair towards 17.365(Lower BB)

Recommendation: Good to buy around 17.700 with stop loss of 17.400  and target price of 18.200

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