FxWirePro: USD/ZAR gaining momentum, poised for a push towards 19.000 level

• The USD/ZAR strengthened  on Thursday as market participants seeked shelter in the dollar as a result of on-going  Trump's trade policy uncertainties.

• U.S. President Donald Trump said Tuesday he's in no hurry to speak with Chinese President Xi Jinping to ease the trade war sparked by his 10% tariffs on all Chinese imports.

• In response, China imposed targeted tariffs on U.S. imports and warned several companies, including Google, of potential sanctions.

• Beijing's limited response to Trump's 10% tariff on all Chinese imports highlighted China's effort to engage Trump in talks and prevent a full-blown trade war

 •At GMT 09:56, the pair was trading up 0.34 percent  at 18.735  

• Immediate resistance is located at 18.706  (38.2%fib), any close above will push the pair towards 19.000(Psychological level).

• Strong support is seen at 18.466 (50%fib) and break below could take the pair towards 18.187(61.8%fib)

Recommendation: Good to buy  around 18.700 with stop loss of 18.450 and target price of 19.000