(8,8790) The DOLL/ZAR confirmed on Friday a strong daily as well as weekly closings suggesting further upside potential toward a target at 9,1690. The indicators of the daily chart are well positive as well as those of the weekly one supporting further strength. The indicators of the s/t charts are mixed at the moment suggesting some consolidation/ correction. Bearish divergences confirm however a positive tone suggesting further upside potential. Only an hourly closing below 8,8680 will postpone further strength favouring a deeper correction with the 200 hours line at 8,7400 the attraction. We suggest waiting for a nice correction to buy, close to the 200 hours line.
Click here to read the full report: USDZAR 01.21
Future Trend Research