EMFX TECHNICALS: USDZAR Higher off 34-DMA

Bounces sharply today from 21-DMA at 2.9890; lvl has served as an excellent springboard for past 3 days; 9- day RSI at ~64, turning higher; medium-term objective set at 3.1740 (161.8% Fibo extension of wave 1 projected from wave 4) located ~5% from current lvls; rising 21-DMA at 2.9888 defines uptrend