Volatility is being completely crushed as we tighten and tighten into a narrower and narrower wedge. At the moment it's as tight as 17.00*17.25. This of course means that the resultant break higher or lower will be particularly violent as the sprung coil is released. The next few sessions are going to be critical. Keep an eye on SA 10 year bonds where yields have gone from 9.15% to 9.70% in just a few days. This leads me to believe that the next leg will be higher in USDZAR. Good luck!