| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Neutral | Neutral |
| Alligator (13; 8; 5) | Buy | Buy | Neutral |
| SAR (0.02; 0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
The USD/ZAR exchange rate has been bound by two longer-term patterns. The more junior one was formed early in March, and it has guided the pair higher in between the lines of the senior pattern.
Following a test of the 23.60% Fibonacci retracement and the medium-term channel near 12.20 earlier this week, the US Dollar began appreciating towards the senior channel at 12.80. By mid-Friday, the pair was located slightly below this line.
Even though technical indicators give mixed signals, their direction does point to further appreciation next week. It seems that the senior channel may break, thus allowing for further advance towards the upper boundary of the medium-term channel near 13.10. The 50.00% Fibo is likewise located there.
In case the senior channel is breached, the Greenback is still expected to respect the boundaries of this medium pattern.