CHF/PLN may rise 201 - 290 pips

4.5661 is our pivot point.

Our preference

The upside prevails as long as 4.5661 is support.

Alternative scenario

Below 4.5661, expect 4.5511 and 4.5422.

Comment

The RSI is above its neutrality area at 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 4.5729 and 4.5756).

Supports and resistances

4.6248 **

4.6158 *

4.6069 **

4.5980

4.5779 last

4.5720

4.5661 **

4.5511 *

4.5422 **

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