(10,1180) The DOLL/ZAR confirmed on Friday a strong closing above 10,0450, a s/t key level, supporting higher levels toward 10,20. The weekly closing was also positive supporting higher levels. The indicators of the daily chart are now again well positive as well as those of the weekly one supporting higher levels. The indicators of the s/t charts are also positive with bearish divergences supporting a positive tone. Further strength is therefore possible suggesting a test of the 10,20 area where we expect however good resistance; a daily closing above 10,20 will support a retest of the June’s top at 10,36!!
Read the full report: USDZAR 08.19
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