• USD/ZAR initially gained on Monday but gave up ground investors awaited clarity on the next round of tariffs from U.S. President Donald Trump.
• The next wave of U.S. tariffs is scheduled for April 2, when the White House is expected to unveil reciprocal levies targeting multiple trading partners, adding to global trade tensions.
• Investors are closely watching for details on the specific sectors and countries impacted, as uncertainty over trade policies continues to weigh on global markets, supply chains, and economic growth prospects.
At GMT 08:56, the pair was trading down 0.13 percent at 18.188 .
• Immediate resistance is located at 18.251 (March 21st high), any close above will push the pair towards 18.333 (50%fib).
• Strong support is seen at 18.075(50%fib) and break below could take the pair towards 17.969 (Lower BB).
Recommendation: Good to buy around 18.100 with stop loss of 18.000 and target price of 18.250


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