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Summary
• Price action shows consolidation below 16.94 after a sharp dip to 16.87.
• Momentum slows on RSI, suggesting potential overbought relief.
• Volume spikes confirm breakouts in key intraday sessions.
At 12:00 ET–1 on 2025-12-25, Tether/Rand (USDTZAR) opened at 16.94, with a high of 16.99 and a low of 16.80, closing at 16.88 by 12:00 ET on 2025-12-26. Total 24-hour volume reached 183,664.0 ZAR and notional turnover was 3,042,778.0 ZAR.

The 61.8% retracement level of the key 16.80–16.99 swing is at 16.87, where the price has found support. A break below this level could see a test of the 38.2% retracement at 16.91.
Tether/Rand appears to be consolidating near key support, with momentum indicators suggesting potential reversal or a short-term bounce. However, the bearish bias from early intraday trends may persist. Investors should be cautious of continued selling pressure and watch for a breakdown below 16.87.
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