Published: 2026-07-01T12:03:23.000Z
Chart USD/ZAR Update: Drifting lower
1
Little change, as prices extend cautious trade around 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
12:05 BST - Little change, as prices extend cautious trade around congestion support at 16.4000. Daily stochastics and the daily Tension Indicator are falling, highlighting room for continuation of recent losses beneath here towards 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 and should cap any immediate tests higher.