USD/PLN may rise 102 - 152 pips

Our pivot point stands at 3.9349.

Our preference

The upside prevails as long as 3.9349 is support.

Alternative scenario

Below 3.9349, expect 3.9265 and 3.9215.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 3.9398 and 3.9344). Finally, the USD/PLN is trading above its upper Bollinger band (standing at 3.9452).

Supports and resistances

3.9713 **

3.9663 *

3.9613 **

3.9563

3.9461 last

3.9382

3.9349 **

3.9265 *

3.9215 **

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