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FxWirePro: USD/ZAR trends higher ahead of US rate decision

• The USD/ZAR steadied around 18.675 on Wednesday as US dollar strengthened ahead of interest rate decisions from the Federal Reserve . • The Fed is expected to keep rates unchanged today, amid President Trump's push for…

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FxWirePro: USD/ZAR trends higher ahead of US rate decision
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• The USD/ZAR steadied around 18.675 on Wednesday  as US dollar strengthened  ahead of interest rate decisions from the Federal Reserve  .

• The Fed is expected to keep rates unchanged today, amid President Trump's push for lower interest rates, claiming he has a better grasp of monetary policy than the Fed.

• Investor focus is also on tariff threats, as White House spokesperson Karoline Leavitt confirmed that Trump plans to impose tariffs on Canada and Mexico this week.

 •At GMT 10:49, the pair was trading up 0.07 percent  at 18.676

• Immediate resistance is located at 18.895 (23.6%fib), any close above will push the pair towards 18.701(Dec 26th high).

• Strong support is seen at 18.585 (38.2%fib) and break below could take the pair towards 18.325(50%fib)

Recommendation: Good to buy around 18.630 with stop loss of 18.200 and target price of 18.900

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