• The USD/ZAR strengthened on Monday as rand weakened ahead of interest rate decisions from the Federal Reserve and the South African Reserve Bank.
• Global investors will focus on the Fed this week, with its two-day meeting concluding on Wednesday, where it is widely expected to keep interest rates steady.
•Domestic investors will turn their attention to the SARB's first interest rate decision of 2025 on Thursday, with economists expecting a 25 basis point cut to 7.50%..
•At GMT 10:55, the pair was trading up 1.24 percent at 18.579
• Immediate resistance is located at 18.733 (38.2%fib), any close above will push the pair towards 18.701(Dec 26th high).
• Strong support is seen at 18.386 (50%fib) and break below could take the pair towards 18.221(Lower BB)
Recommendation: Good to buy around 18.500 with stop loss of 18.200 and target price of 18.900


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