USD/ILS may rise 207 - 310 pips

Our pivot point stands at 3.7647.

Our preference

As long as 3.7647 is support look for 3.8093.

Alternative scenario

Below 3.7647, expect 3.7473 and 3.7370.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 3.7779 and 3.7582).

Supports and resistances

3.8300 **

3.8196 *

3.8093 **

3.7990

3.7783 last

3.7715

3.7647 **

3.7473 *

3.7370 **

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