$USDZAR at a peculiar spot

Been watching $USDZAR for a bit here. It's really hugging that 16.50 level today, right at the top of a fairly tight range it's been in since yesterday. Feels like it's trying to decide if it wants to break out or fade back into the prior range. My inclination is it'll reject off this level, but if we see a sustained push above 16.52, then my short-term thesis is invalidated and we could see it run higher, perhaps towards 16.55.