• The USD/ZAR retreated on Friday after data showed the US economy unexpectedly shed jobs in February.
• The U.S. economy lost 92,000 jobs last month after a downwardly revised 126,000 increase in January, data showed.
• The unemployment rate increased to 4.4%. Economists polled by Reuters had forecast payrolls advancing by 59,000 jobs after increasing by a previously reported 130,000 in January.
• Separate data showed, U.S. retail sales fell 0.2% in January 2026 from the previous month, after being flat in December, broadly in line with expectations for a 0.3% decline.
• Immediate resistance is located at 16.733(38.2%fib), any close above will push the pair towards 16.810(Daily high).
• Strong support is seen at 16.434(50%fib) and break below could take the pair towards 16.297(March 5th low)
Recommendation: Good to buy around 16.500 with stop loss of 16.000 and target price of 16.900
