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FxWirePro: USD/ZAR steadies around 18.550, retains bid tone

• USD/ZAR strengthened against dollar on Thursday as investors eyed Trump’s trade policies and the SARB’s rate decision next week.

• Global markets are watching Trump's tariff plans, with warnings of possible tariffs on China, Mexico, and Canada causing currency volatility.

• Data on Wednesday showed, South Africa's annual consumer inflation rose to 3% in December, up from 2.9% in November, according to statistics agency data.

• At GMT 10:16 the pair was trading up 0.34 percent  at 18.554.

• Immediate resistance is located at 18.684(38.2%fib), any close above will push the pair towards 18.840(Jan 17th high).

• Strong support is seen at 18.439(50%fib) and break below could take the pair towards 18.302 (Lower BB).

Recommendation: Good to buy around  18.500 with stop loss of 18.400 and target price of 18.800

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