FxWirePro: USD/ZAR sees mild bounce, but bears maintain control

•   USD/ZAR ticked up from six‑month lows on Wednesday  as markets eyed U.S. employment figures and trade‑deal progress.

•  U.S. President Donald Trump said he won't extend the deadline for trade deal negotiations and expressed renewed doubts about reaching an agreement with Japan, though he remains optimistic about a deal with India.

•Trump imposed a 31% tax on U.S. imports from South Africa in April as part of his global "reciprocal" tariffs.The Southern African country has asked for more time to negotiate a trade deal before the deadline.

•Meanwhile, South African inflation expectations fell in the latest survey, potentially giving the central bank more room to cut interest rates further.

•The average consumer inflation forecast for 2025 dropped to 3.9% in Q2 from 4.4% previously — the first sub-4% projection in over four years.

• Technical signals are  strongly bearish as RSI is   at 41, daily momentum studies  11,14 and 21DMAs are trending down.

• Immediate resistance is located at 17.657(38.2%fib), any close above will push the pair towards 17.793(SMA 20).

• Strong support is seen at 17.450(Lower BB) and break below could take the pair towards 17.272(23.6%fib)

Recommendation: Good to sell  around 17.700 with stop loss of 18.000 and target price of 17.400