CHF/PLN may rise to 4.5077 - 4.5627

Our pivot point stands at 4.2975.

Our preference

Our next up target stands at 4.5627.

Alternative scenario

Below 4.2975, expect 4.2058 and 4.1511.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 4.3392 and 4.3814).

Supports and resistances

4.6726 **

4.6177 *

4.5627 **

4.5077

4.3966 last

4.3336

4.2975 **

4.2058 *

4.1511 **

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