• USD/ZAR slight bounce out of last week's 13.03 low was quickly sold off, and the pair slipped back below 13.03 levels 
  
  
• Inability of price to hold cloud break on Friday reinforces control with the bears, more downside likely 
  
  
• Price now looks pressured by the daily cloud at 13.1161, dips till 12.93 levels possible, but caution advised as price in oversold territory 
  
  
• Convincing breaks above cloud base could buoy bulls, bearish invalidation then above 13.20 levels 
  
  
• USD/ZAR is currently trading at 13.0200, with strong resistance at 13.1161 (cloud base) and support by 13.00 levels
  
  

Recommendation: Good to sell rallies around 13.090 levels: SL: 13.1050, TP: 13.00

Resistance Levels:

R1: 13.1161 (cloud base) 

R2: 13.1623 (Daily High Oct 16)

R3: 13.2772 (10-Day MA)

Support levels:

S1: 12.9900 (Daily Low Aug 27)

S2: 12.9810 (Daily Low Aug 25)

S3: 12.9655 (Daily Low Aug 24)