18th Oct - USD/ZAR Bulls Break From Range
18 October 2012
WEEKLY CHART:
See how the long term 38.2% retracement has been holding recovery attempts back.
The recent break through turns attention to higher retracements, the 9.1862 50% level being next on the list.
DAILY CHART:
Following an initial break upward, from the multi-month consolidation, the chart remains bullish. Once the Nov-11/Jun-12 highs and rising resistance line are more clearly exceeded attention can start to turn towards the bull channel top projection somewhat higher up.
Besides those prior highs support is offered by the falling return line near 8.4000 currently.
Interest is as much in the longer term charts now.
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19th October - Bunds are topping out 
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18th Oct - Cotton Recovery Attacks 38.2% Resistance Again