USD/PLN may rise 130 - 180 pips

3.9576 is our pivot point.

Our preference

The upside prevails as long as 3.9576 is support.

Alternative scenario

The downside breakout of 3.9576 would call for 3.9491 and 3.9441.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 3.9620 and 3.9629).

Supports and resistances

3.9955 **

3.9904 *

3.9854 **

3.9804

3.9674 last

3.9609

3.9576 **

3.9491 *

3.9441 **

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