Chart USD/ZAR Update: Fresh 2025 year lows
Anticipated losses have posted a fresh 2025 year low around 17.3160
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 18.0000 | ** | congestion | S1 | 17.2500 | ** | 7 Nov (m) low | |
| R3 | 17.8000 | * | congestion | S2 | 17.0315 | ** | 30 Sep 2024 (y) low | |
| R2 | 17.7000 | * | congestion | S3 | 17.0000 | ** | congestion | |
| R1 | 17.5000 | ** | congestion | S4 | 16.7370 | ** | July 2023 low |
Asterisk denotes strength of level
12:05 BST - Anticipated losses have posted a fresh 2025 year low around 17.3160, where unwinding oversold intraday studies are prompting short-term reactions. Daily readings are under pressure and broader weekly studies are turning down, highlighting a deterioration in sentiment and room for further losses in the coming sessions. A break below 17.3160 will extend April losses towards the 17.2500 monthly low of 7 November. Further losses will open up critical support at the 17.0315 year low of 30 September. However, already oversold daily stochastics could limit any initial tests in consolidation. Meanwhile, resistance is lowered to congestion around 17.5000. A close above here, if seen, will help to stabilise price action and prompt consolidation beneath further congestion within 17.7000-17.8000.