USD/PLN may rise 112 - 163 pips

3.9545 is our pivot point.

Our preference

As long as 3.9545 is support look for 3.9790.

Alternative scenario

Below 3.9545, expect 3.9460 and 3.9410.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (3.9646) but above its 50 period moving average (3.9517).

Supports and resistances

3.9890 **

3.9840 *

3.9790 **

3.9739

3.9627 last

3.9578

3.9545 **

3.9460 *

3.9410 **

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