CHF/PLN may rise 176 - 264 pips

4.5647 is our pivot point.

Our preference

The upside prevails as long as 4.5647 is support.

Alternative scenario

Below 4.5647, expect 4.5499 and 4.5411.

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 trading above both its 20 and 50 period moving average (respectively at 4.5722 and 4.5698).

Supports and resistances

4.6203 **

4.6115 *

4.6027 **

4.5939

4.5763 last

4.5705

4.5647 **

4.5499 *

4.5411 **

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