The USD/ZAR medium- and short- term expectations remain in line with recent market moves.

We expect volatile range trading within medium term parameters for the rest of the year.

The occurrence of a rare running correction with extended bullish consequences remains possible,

but is not the preferred outcome. We will keep a close watch as price action develops and clarifies the situation over time.

Medium term moves have remained within long term consolidation parameters and have also consistently exhibited corrective traits.

This suggests that while the USD/ZAR pair should remain within stated parameters.

Volatility and ad hoc moves is likely to continue for the rest of 2024.