CHF/PLN may rise 252 - 353 pips

4.4219 is our pivot point.

Our preference

The upside prevails as long as 4.4219 is support.

Alternative scenario

Below 4.4219, expect 4.4051 and 4.3951.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 4.4240 and 4.4218).

Supports and resistances

4.4904 **

4.4804 *

4.4704 **

4.4603

4.4351 last

4.4285

4.4219 **

4.4051 *

4.3951 **

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