(9,3420) The DOLL/ZAR confirmed last night another strong closing but still below the resistance line at 9,26. This morning it already confirmed a new high suggesting a possible test of March’s high at 9,3673; a daily closing above this level will open the way for further strength toward the m/t target at 9,8017!! The indicators of the daily chart are still well positive as well as those of the s/t ones where we have however overbought conditions. Bearish divergences confirm however still a positive tone. the hourly closing above 9,3270 confirmed a new positive reversal suggesting a s/t target at 9,4288!! We are still waiting for a decent correction to buy!
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