USD/ZAR Technical Analysis

(9,0950) The DOLL/ZAR confirmed on Friday a strong closing well above the top of the previous sessions supporting further upside potential toward the 9,30 area! The indicators of the daily chart closed above the line but those of the weekly one are still below the line. The indicators of the s/t charts are instead mixed this morning suggesting some consolidation/ correction. While above 9,0750 on an hourly closing we favour another test on the upside!! We wait for a possible correction toward the 200 hours line, now found at 9,0117 to go long for a 9,20 overshooting!!

Click here to read the full report: USDZAR 05.13

 

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