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• The USD/ZAR steadied on Thursday as the dollar gained traction against rand after upbeat US GDP data.
• The U.S. economy grew faster than previously estimated in the third quarter, driven by robust consumer spending.
• Gross domestic product rose at an upwardly revised annualized rate of 3.1%, according to the Commerce Department's Bureau of Economic Analysis.
•At GMT 15:20, the pair was trading up 0.41 percent at 18.374
• Immediate resistance is located at 18.410(23.6%fib), any close above will push the pair towards 18.487(Higher BB).
• Strong support is seen at 18.202(38.2%fib) and break below could take the pair towards 18.000(Psychological level)
Recommendation: Good to buy around 18.300 with stop loss of 18.200 and target price of 18.450
