(8,4980) The DOLL/ZAR confirmed last night a weak closing again below 8,50 suggesting further weakness; however only a daily closing below 8,4380 will support lower levels with the 200 days line at 8,3398 the first attraction. A return above 8,6000 confirmed by a daily closing will instead postpone the move up. The indicators of the daily chart are still well negative however already showing potential positive reversals. Those of the s/t ones are instead mixed but also here we have potential positive reversal suggesting a limited downside potential. While below 8,6000 we believe that it is still possible to confirm the s/t target at 8,3750 if not even the target of the double top below 9,00 at 8,0990!!!! We stay on the sideline waiting for further confirmations.
Click here to read the full report: USDZAR 12.28
Future Trend Research