$ZARUSD at 0.06056 - thoughts on the recent bounce and potential resistance

Been watching $ZARUSD pretty closely lately, and it's certainly had a bit of a run back up from its recent lows. We saw it bottom out around 0.0599 earlier today, and it's managed to reclaim some ground, currently sitting at 0.06056. The question now, for me, is how much steam this bounce has left.

From a technical perspective, the level around 0.0612 seems pretty significant. Looking back at prior price action, that area has acted as a ceiling more than once. If we get a sustained move above that, particularly on decent volume, it might suggest the shorts are starting to cover more aggressively, and we could see a push towards 0.0620 or even higher. However, failure to clear 0.0612, especially if we see rejection candles forming around that point, would signal to me that this is likely just a retest of prior support turned resistance. In that scenario, a move back towards the 0.0600 level, and possibly lower, becomes a higher probability. The risk to this perspective is, of course, a strong push through 0.0612, which would invalidate the current potential resistance setup.