Thursday, October 15, 2026

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FxWirePro: USD/ZAR recovery rejected at 12.5987, further downside likely

USD/ZAR is attempting a mild recovery on the day after sharp drop on Tuesday to 12.5219 levels The pair is currently trading at 12.5318, after recoveries were rejected by 12.5987 Daily Stochs have crossed bearside but sh…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • USD/ZAR is attempting a mild recovery on the day after sharp drop on Tuesday to 12.5219 levels

  • The pair is currently trading at 12.5318, after recoveries were rejected by 12.5987

  • Daily Stochs have crossed bearside but short term averages support the risk for a resumption of gains

  • Immediate resistance is seen at 12.6385 (Hourly Resistance Jul 28), ahead of 12.6470 (Daily High Jul 28)

  • On the flipside, supports lie at 12.5283 (Daily Low Jul 29), then at 12.4755 (10-Day MA)

Resistance Levels:

R1: 12.6385 (Hourly Res. Jul 28)

R2: 12.6470 (Daily High Jul 28)

R3: 12.6900 (Daily High Jul 27)

Support levels: 

S1: 12.5283 (Daily Low Jul 29)

S2: 12.4755 (10-Day MA)

S3: 12.4340 (21-Day MA)

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By FxWirePro Team