• USD/ZAR steadied around 17.850 on Tuesday as investors focus shifted towards monthly U.S. and South African inflation data.
• Markets sought fresh signals about the Federal Reserve's interest rate trajectory ahead of U.S. consumer pricing data coming on Wednesday..
• Investors interested in South Africa will watch the statistics agency on Wednesday at 8:00 GMT for the release of the November inflation data.
At GMT 15:44 the pair was trading up 0.52 percent at 17.853.
• Immediate resistance is located at 17.986(23.6%fib), any close above will push the pair towards 18.050(Dec 9th high).
• Strong support is seen at 17.838(38.2%fib) and break below could take the pair towards 17.7111(50%fib).
Recommendation: Good to buy around 17.850 with stop loss of 17.700 and target price of 17.950
