Published: 2026-03-11T12:08:33.000Z
Chart USD/ZAR Update: Cautious in range
3
The test below congestion support at 16.2000 has bounced from 16.1280
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 16.9170 | 9 Mar high | S1 | 16.2000 | * | congestion | ||
| R3 | 16.8000 | * | break level | S2 | 16.0000 | ** | congestion | |
| R2 | 16.6000 | break level | S3 | 15.8030 | * | 12 Feb (m) low | ||
| R1 | 16.5000 | break level | S4 | 15.6370 | ** | 29 Jan YTD low |
Asterisk denotes strength of level
11:40 GMT - The test below congestion support at 16.2000 has bounced from 16.1280, as intraday studies turn higher, with prices trading back above 16.2000. Immediate focus is on resistance at the 16.5000 break level. But negative daily readings should limit any initial tests in consolidation, before rising weekly charts prompt further gains. A close above the 16.6000 break level would improve sentiment and open up 16.8000. Meanwhile, any fresh tests below 16.2000 should meet renewed buying interest above 16.0000.