USD/ZAR ANALYSIS

The DOLL/ZAR confirmed again a strong closing reversing the previous one and favouring a return above 8,00.
The indicators of the daily chart are however still below the line while mixed are those of the s/t ones suggesting further consolidation.
The scenery suggested by the s/t charts is mixed; in the hourly chart we have a potential negative reversal situation that could favour another look below the 200 hours line at 7,9497! The signals are however not strong enough to suggest a position.
Only a break above 8,2080 will resume the move up!!

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FUTURE TREND RESEARCH