• 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
