USD/ZAR

Here are weekly and daily charts for the USD/ZAR currency pair.
The weekly view sees Primary wave [3] of Cycle V completing Minor wave 2 of Intermediate wave (3). 

The turning at [2] has been previously confirmed as a cup and handle pattern which foretells of a long term bottom at that point.

The daily view shows an irregular and complex Intermediate wave (2) that has led into the more clearly defined Minor waves 1 and 2. The expectation of a turning point at 2 is supported by the 61.8% Fib ratio for the retracement of Minor wave 1 by Minor wave 2. The positive divergence of the RSI adds further weight as does the spike of the recent intra-day dip.

dono tibi equum