Upon reflection I have relabelled the hourly chart to show a completed flat wave 2 correction which I think better explains the price action over last few days.The implications are the same though - a small wave 2 has probably ended yesterday and we are set to trade higher.The bigger picture shows the wedge shape of the USDZAR advance over last year or so .We are still expecting an acceleration out of the top of this wedge over the next several weeks/months
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