USD/PLN may rise 185 - 235 pips

Our pivot point stands at 3.9114.

Our preference

Rebound towards 3.9438.

Alternative scenario

Below 3.9114, expect 3.9031 and 3.8981.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 3.9321 and 3.9384).

Supports and resistances

3.9537 **

3.9488 *

3.9438 **

3.9388

3.9203 last

3.9147

3.9114 **

3.9031 *

3.8981 **

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