USD/ZAR has spent the last few days probing key resistance, which are the lows from February at the 14.4100 level. Above that the 50% retracement of the March highs to June lows comes in at 14.4859. A break above this level would open the door for the 200-day moving average next. Near term, the consolidation pattern may be a flag consolidation prepping for the next leg higher, especially given that the mid-May to mid-June move lower may have been a big "false breakdown" of horizontal support.