The Rand had a good run the last 2 weeks but the following reasons may hint to a price support at current levels:
1. Price currently at 50% Fib Retracement level. 2. Horisontal price support from 2 months ago. 3. TD indicator on a perfected daily 9. 4. RSI at extreme low levels. 5. Triangular pattern plays out at current levels.
Can the Rand strengthen more? Offcourse yes, but only on the back of a weakening Dollar I would say.
Probability though more to the "price support" theme at current levels.