Published: 2026-03-16T12:10:17.000Z
Chart USD/ZAR Update: Short-term reactions beneath fresh 2026 year high
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Anticipated gains have posted a fresh 2026 year high around 16.9560
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 17.2750 | ** | 38.2% ret of 2025-2026 fall | S1 | 16.6000 | break level | ||
| R3 | 17.1200 | * | 9 Dec (w) high | S2 | 16.5000 | break level | ||
| R2 | 17.0000 | * | congestion | S3 | 16.2000 | * | congestion | |
| R1 | 16.9560 | 13 Mar YTD high | S4 | 16.0000 | ** | congestion |
Asterisk denotes strength of level
11:50 GMT - Anticipated gains have posted a fresh 2026 year high around 16.9560, before settling lower as intraday studies turn down and rising daily stochastics become overbought. A pullback towards support within the 16.5000 - 16.6000 range is highlighted. But the rising daily Tension Indicator and positive weekly charts should limit any initial tests in consolidation. Following cautious/corrective trade, fresh gains are looked for. A break above 16.9560 will open up congestion around 17.0000, with room for extension of late-January gains towards the 17.2750 Fibonacci retracement.