(8,8790) The DOLL/ZAR failed to confirm the previous week’s negative week reversal but the daily one was negative on Friday suggesting some downside pressure, especially in case of a daily closing tonight below 8,8727!!! The indicators of the daily chart are below the line, still but not yet those of the weekly one. The indicators of the s/t charts are negative suggesting further downside pressure. Only an hourly closing below 8,8650 will however confirm lower levels suggesting a retest of the 8,8050 area. While above we favour still higher levels! We are still waiting for higher levels to sell!
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Future Trend Research