(9,6186) The DOLL/ZAR failed on Friday to confirm the previous day’s negative day reversal; while above 9,5120 on a daily closing we expect further strength toward our m/t target!! The weekly closing was instead strong supporting further strength! The indicators of the daily chart are still well positive but already a little overbought; those of the weekly one are also positive. The indicators of the s/t charts are mixed supporting some consolidation/ correction. Only an hourly closing below 9,5120 will however support lower levels postponing the confirmation of the s/t target at 9,6906!! We expect further strength!!
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