USDZAR Consolidating Before Terminal Thrust Higher

USDZAR looks to be consolidating in a wave 4 triangle .This setback looks like wave e and should hold above 9.8200. Once complete we should see a sharp move higher out of the triangle .The thrust target (the widest part of the triangle) is around 80 c , which will give a target of about 10.8000 depending on where wave e bottoms .10.8000 is also the top of a longer term parallel channel  so is an attractive target.This move should be terminal and once complete we should see  a larger pullback in USDZAR .Any move below 9.8200 now would invalidate the triangle and we would turn neutral.