CHF/PLN may rise 128 - 192 pips

4.3638 is our pivot point.

Our preference

The upside prevails as long as 4.3638 is support.

Alternative scenario

Below 4.3638, expect 4.3530 and 4.3466.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 4.3687 and 4.3592). Finally, the CHF/PLN has crossed above its upper Bollinger band (4.3756).

Supports and resistances

4.4104 **

4.4040 *

4.3976 **

4.3912

4.3784 last

4.3680

4.3638 **

4.3530 *

4.3466 **

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