USD/ILS may rise to 3.9328 - 4.0046

Our pivot point stands at 3.6712.

Our preference

As long as 3.6712 is support look for 4.0046.

Alternative scenario

Below 3.6712, expect 3.5514 and 3.4801.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 3.7552 and 3.7300).

Supports and resistances

4.1481 **

4.0763 *

4.0046 **

3.9328

3.7799 last

3.7182

3.6712 **

3.5514 *

3.4801 **

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