Published at 15:56 (GMT) 11 Jan

usdzar

11 Jan USD/ZAR Daily
15::50 GMT - The mkt. has turned out to be stronger than expected with prices exceeding the 8.7380 res. at one stage before levelling off. Indicators are overbought now so a setback to the 8.69/70 sup. area looks possible. A later move higher should target 8.80/81 next.N.I.

R4: 8.9350 * 30 Nov high
R3: 8.8830 * 4 Dec high
R2: 8.80/81 break area
R1: 8.7530 today high
S1: 8.69/70 intraday level
S2: 8.6400 intraday level
S3: 8.60~ recent highs
S4: 8.5500 * 4 Jan low
S5: 8.51/3 intraday level