CHF/PLN may rise 220 - 321 pips

Our pivot point is at 4.4546.

Our preference

The upside prevails as long as 4.4546 is support.

Alternative scenario

Below 4.4546, expect 4.4376 and 4.4276.

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 4.4559 and 4.4552). Finally, the CHF/PLN has crossed above its upper Bollinger band (4.4670).

Supports and resistances

4.5201 **

4.5101 *

4.5000 **

4.4899

4.4679 last

4.4612

4.4546 **

4.4376 *

4.4276 **

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