FxWirePro:USD/ZAR rebounds strongly heightened Middle East tensions pushes investors to dollar

• The USD/ZAR rebounded strongly on Friday  as South Africa's rand   fell steeply after Israeli military strikes on Iran drove investors toward safe haven dollar.

•  On Friday, Israel launched major strikes on Iran, targeting nuclear and ballistic missile sites in an effort to halt Tehran’s atomic ambitions. In response, Iran fired 100 drones.

• Rising Middle East tensions addded fresh uncertainty to markets already strained by Trump’s unpredictable trade policies.

•Friday brings no major local data, but attention will shift to next week’s consumer inflation and retail sales reports.

 •At GMT 11:50, the pair was trading up 1.48 percent  at 17.984

• Immediate resistance is located at 18.020(38.2%fib), any close above will push the pair towards 18.138(Higher BB).

• Strong support is seen at 17.717(23.6%fib) and break below could take the pair towards 17.574(Lower BB)

Recommendation: Good to sell  around 18.000 with stop loss of 18.200 and target price of 17.800