USD/ILS may rise to 3.9253 - 3.9970

3.6765 is our pivot point.

Our preference

As long as 3.6765 is support look for 3.9970.

Alternative scenario

The downside breakout of 3.6765 would call for 3.5564 and 3.4850.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 3.7553 and 3.7300).

Supports and resistances

4.1403 **

4.0687 *

3.9970 **

3.9253

3.7820 last

3.7236

3.6765 **

3.5564 *

3.4850 **

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