CHF/PLN may rise 185 - 278 pips

Our pivot point stands at 4.5921.

Our preference

The upside prevails as long as 4.5921 is support.

Alternative scenario

Below 4.5921, expect 4.5766 and 4.5674.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 4.5900 and 4.6044). Finally, the CHF/PLN has crossed above its upper Bollinger band (4.6117).

Supports and resistances

4.6667 **

4.6574 *

4.6482 **

4.6389

4.6204 last

4.5982

4.5921 **

4.5766 *

4.5674 **

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