• USD/ZAR steadied on Friday as US dollar held firm ahead of U.S. President Donald Trump's deadline on tariffs.
•The latest announcement from President Donald Trump indicates that 25% tariffs will be imposed on Canada and Mexico starting Saturday, while China faces a 10% tariff.
•The fluctuating nature of U.S. trade policy has introduced significant volatility in the USD/ZAR exchange rate. As trade tensions, tariff threats, and changes in U.S. foreign policy continue to evolve.
•At GMT 11:31, the pair was trading up 0.34 percent at 18.630
• Immediate resistance is located at 18.771(38.2%fib), any close above will push the pair towards 19.000(Psychological level).
• Strong support is seen at 18.468 (50%fib) and break below could take the pair towards 18.303(Jan 24th low)
Recommendation: Good to buy around 18.600 with stop loss of 18.200 and target price of 18.900
