Published: 2025-09-11T11:30:55.000Z
Chart USD/ZAR Update: Any immediate gains to remain limited
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Little change, as prices extend choppy consolidation above congestion support at 17.5000
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 18.3580 | ** | 1 Aug (w) high | S1 | 17.5000 | ** | congestion | |
| R3 | 18.0000 | ** | congestion | S2 | 17.4060 | ** | 25 Aug YTD low | |
| R2 | 17.8000 | * | congestion | S3 | 17.2500 | ** | 7 Nov (m) low | |
| R1 | 17.7000 | * | congestion | S4 | 17.0315 | ** | 30 Sep 2024 (y) low |
Asterisk denotes strength of level
12:15 BST - Little change, as prices extend choppy consolidation above congestion support at 17.5000. Intraday studies are rising and negative daily stochastics are flattening, suggesting potential for move higher towards congestion resistance at 17.7000. However, the bearish daily Tension Indicator and mixed weekly charts are expected to limit any initial tests in further consolidation. Meanwhile, support remains down to the 17.4060 current year low of 25 August. A close beneath here would add weight to sentiment and extend April losses towards critical multi-month support at the 17.0315 year low of 30 September 2024.