• 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)