USD/ILS may rise to 3.9300 - 4.0058

Our pivot point is at 3.6283.

Our preference

The upside prevails as long as 3.6283 is support.

Alternative scenario

The downside breakout of 3.6283 would call for 3.5027 and 3.4280.

Comment

The RSI is above its neutrality area at 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 3.7207 and 3.7130).

Supports and resistances

4.1574 **

4.0816 *

4.0058 **

3.9300

3.7418 last

3.6776

3.6283 **

3.5027 *

3.4280 **

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