USD/ZAR - Close to a top.

(Please click on the chart to see it better)

USD/ZAR:

 

Continues to Work its way higher, but if my count is correct it should not be long before a top is seen for at least a correction lower towards at least 9.54.

 

Short term however, I will be looking for a slightly higher high near 10.9617 as long as support at 10.5830 protects the downside. That said we are close to a top and a break below 10.5830 will be the first indication, that the correction has begun. More important is a break below 10.2120, which confirms that the correction is developing for a decline towards at least 9.54.