FxWirePro:USD/ZAR maintains bullish bias with focus on 18.200

• USD/ZAR strengthened on Thursday as dollar bounced after U.S. President Donald Trump quashed talk he was about to fire Fed head Jerome Powell.

• A solid set of U.S. retail sales and jobless claims figures gave traders more clarity on tariff effects and added further momentum to the greenback.

• Retail sales rose 0.6% in June, rebounding from an unrevised 0.9% decline in May, according to data released Thursday by the Commerce Department's Census Bureau.

• With limited domestic economic data this week, traders are turning their focus to the G20 finance ministers and central bank governors meeting on Thursday and Friday.

• At GMT 14:49,the dollar   was up 0.24 % at 17.844  against South African rand.

• Immediate resistance is located at 17.946(50%fib), any close above will push the pair towards 18.089(Higher BB).

• Strong support is seen at 17.550(38.2%fib) and break below could take the pair towards 17.462(Lower BB)

Recommendation: Good to buy around 17.820 with stop loss of 17.400  and target price of 18.200