USD/PLN may fall to 3.7000 - 3.7702

Our pivot point stands at 4.0125.

Our preference

The downside prevails as long as 4.0125 is resistance.

Alternative scenario

Above 4.0125, look for 4.1306 and 4.2009.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 3.9860 and 3.9854).

Supports and resistances

4.2009 **

4.1306 *

4.0125 **

3.9661

3.9130 last

3.7702

3.7000 **

3.6299 *

3.5598 **

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