Published: 2026-06-26T11:18:00.000Z
Chart USD/ZAR Update: Lower in range - studies mixed
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Little change, as prices drift lower within the 16.4000 - 16.6000 range
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 16.9150 | ** | 30 Apr (w) high | S1 | 16.4000 | congestion | ||
| R3 | 16.8000 | ** | congestion | S2 | 16.2500 | * | congestion | |
| R2 | 16.6750 | 24 Jun high | S3 | 16.1400 | ** | 17 Apr (m) low | ||
| R1 | 16.6000 | * | congestion | S4 | 16.0170 | ** | 76.4% ret of Jan-Mar rally |
Asterisk denotes strength of level
12:05 BST - Little change, as prices drift lower within the 16.4000 - 16.6000 range. Intraday studies are negative and daily stochastics are turning away from overbought areas, suggesting room for a test below congestion support at 16.4000. However, the positive daily Tension Indicator and mixed weekly charts should limit initial scope in renewed buying interest/consolidation above further congestion around 16.2500. Meanwhile, a close above congestion resistance at 16.6000, if seen, should give way to consolidation beneath further congestion around 16.8000.