$USDZAR at a curious inflection point

Been watching $USDZAR for a bit, and it's looking pretty interesting around this 16.54 level. Seems to be consolidating after that recent push. I'm wondering if we're seeing a setup for a move, either a further leg down or a bounce off what looks like a support area forming.

My primary concern, if I were to consider it, would be a clear break and sustained close below 16.50. That would probably invalidate any short-term bullish lean I'm picking up from the current chart structure. Conversely, a firm close above 16.58 might suggest it's trying to reclaim some ground. Curious to hear what others are seeing.