USD/PLN may rise 168 - 218 pips

3.9441 is our pivot point.

Our preference

The upside prevails as long as 3.9441 is support.

Alternative scenario

Below 3.9441, expect 3.9357 and 3.9307.

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 3.9440 and 3.9490).

Supports and resistances

3.9826 **

3.9776 *

3.9725 **

3.9675

3.9507 last

3.9474

3.9441 **

3.9357 *

3.9307 **

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