Published: 2026-06-29T10:50:27.000Z
Chart USD/ZAR Update: Consolidating - any tests lower to remain limited
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Still little change, as prices extend cautious trade above congestion support at 16.4000
| 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
11:40 BST - Still little change, as prices extend cautious trade above congestion support at 16.4000. Intraday studies are negative and daily readings are also turning down, highlighting room for a test beneath here. Focus will then turn to further congestion around 16.2500. But mixed weekly charts should limit any initial tests in renewed buying interest/consolidation. Meanwhile, resistance remains at congestion around 16.6000. A close above here, if seen, should give way to consolidation beneath further congestion around 16.8000.