(9,2640) The DOLL/ZAR confirmed on Friday a session of consolidation forming a new inside day with 9,3700 – 9,2810 the levels to follow in the coming hours. It broke already the support suggesting a correction toward the 9,16 area. The weekly closing was strong above the top of the previous week. The indicators of the daily chart are still well positive as well as those of the weekly one suggesting further upside potential. The indicators of the s/t charts are below the line this morning suggesting some consolidation/ correction. We expect a test of the 200 hours line at 9,2440 with even a direct 9,20 undershooting. We suggest waiting fro a decent correction to buy this dollar but not before the 9,16 area!!
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Future Trend Research