•USD/ZAR rebounded strongly on Wednesday, buoyed by a firmer U.S. dollar and a sharper‑than‑expected drop in South African inflation..
• South Africa’s annual inflation slowed in March, dropping for the first time in five months to its lowest point since June 2020..
•Headline CPI slipped to 2.7% y/y in March from 3.2% in February, undershooting the 2.9% estimate and dipping below the SARB’s 3–6% target band.
• The rand has seesawed in recent weeks, buffeted by political squabbles over South Africa’s budget and lingering uncertainty about U.S. tariff policies.
•At GMT 17:19, the pair was trading up 0.50 percent at 18.662
• Immediate resistance is located at 18.668 (Daily high), any close above will push the pair towards 18.891(50%fib).
• Strong support is seen at 18.524 (61.8fib) and break below could take the pair towards 18.300(Jan 24th low)
Recommendation: Good to buy around 18.600 with stop loss of 18.350 and target price of 18.900


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