• The USD/ZAR steadied on Tuesday as dollar continued to firm against South African rand in thin-trading.
•All of 2024 has been about the dollar, which rose in value relative to all other major developed-market currencies as inflows to the United States were fueled by rising U.S. rates and strong stock markets.
•Investor focus next year will be on the Federal Reserve's rate path after the central bank earlier this month projected just two rate cuts, down from four in September, due to stubbornly high inflation.
•At GMT 11:53, the pair was trading up 0.37 percent at 18.835
• Immediate resistance is located at 18.865(23.6%fib), any close above will push the pair towards 18.955(Higher BB).
• Strong support is seen at 18.691 (Daily low) and break below could take the pair towards 18.594(38.2%fib)
Recommendation: Good to buy around 18.800 with stop loss of 18.700 and target price of 18.940
