ForexYell

EMFX TECHNICALS: USDZAR Higher off 34-DMA

FX:USDZAR   U.S. Dollar/South African Rand
16 0 0
Bounces sharply today from 21-DMA at 2.9890; lvl             has served as an excellent springboard for past 3 days; 9- day RSI at ~64, turning higher; medium-term objective set at 3.1740 (161.8% Fibo extension of wave 1 projected from wave 4) located ~5% from current lvls; rising 21-DMA at 2.9888 defines uptrend
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