USD/PLN may rise 106 - 157 pips

Our pivot point is at 3.9524.

Our preference

The upside prevails as long as 3.9524 is support.

Alternative scenario

Below 3.9524, expect 3.9439 and 3.9389.

Comment

The RSI is above 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 3.9578 and 3.9512). Finally, the USD/PLN is trading above its upper Bollinger band (standing at 3.9628).

Supports and resistances

3.9887 **

3.9837 *

3.9787 **

3.9736

3.9630 last

3.9557

3.9524 **

3.9439 *

3.9389 **

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