Published: 2026-04-28T11:36:27.000Z
Chart USD/ZAR Update: Cautious trade - daily studies rising
1
Little change, as prices extend cautious trade within resistance at 16.5000 - 16.6000
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 17.0000 | * | congestion | S1 | 16.4000 | congestion | ||
| R3 | 16.8000 | * | congestion | S2 | 16.2520 | ** | 61.8% ret of Jan-Mar rally | |
| R2 | 16.6000 | break level | S3 | 16.1280 | * | 10 Mar (w) low | ||
| R1 | 16.5000 | break level | S4 | 16.0170 | ** | 76.4% ret of Jan-Mar rally |
Asterisk denotes strength of level
12:25 BST - Little change, as prices extend cautious trade within resistance at 16.5000 - 16.6000. Both intraday and daily studies are rising, highlighting room for a break above here. Focus would then turn to congestion around 16.8000. But mixed weekly charts could limit any initial tests in renewed consolidation. Meanwhile, congestion support at 16.4000 should underpin any immediate setbacks.