USD/PLN may rise to 4.1888 - 4.2637

Our pivot point stands at 3.9136.

Our preference

As long as 3.9136 is support look for 4.2637.

Alternative scenario

The downside breakout of 3.9136 would call for 3.7886 and 3.7143.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 4.0190 and 3.9885).

Supports and resistances

4.4134 **

4.3386 *

4.2637 **

4.1888

4.0382 last

3.9627

3.9136 **

3.7886 *

3.7143 **

Number of asterisks represents the strength of support and resistance levels.