JOHANNESBURG, Dec 6 (Reuters) - - South Africa's rand weakened slightly against the dollar on Monday after touching a 3-1/2 week high on Friday, but upside at 6.75 remains a target if last week's late rally resumes.
At 0644 GMT, the local currency was at 6.8725 to the dollar, 0.26 percent off Friday's close at 6.8550.
"Dollar/rand has been quite volatile of late. I think there's quite a big level at 6.85. If it goes through that it go even lower; 6.75-ish should be the next target," a Johannesburg trader said.
"But we expect it to trade in a range, mostly between 6.85 and 6.95 for today."
Government bonds were at Friday's closing levels, with yields on 2015s and 2026s flat at 7.33 percent 8.335 percent, respectively.
The local bourse looked set to open slightly higher, with
the blue chip Top-40 December futures contract
(Reporting by Stella Mapenzauswa; Editing by Neil Fullick) (For more Africa cover visit: http://af.reuters.com -- To comment on this story email: SouthAfrica.Newsroom@reuters.com)