USD/ILS may fall to 3.4604 - 3.5206

3.7530 is our pivot point.

Our preference

The downside prevails as long as 3.7530 is resistance.

Alternative scenario

Above 3.7530, look for 3.8550 and 3.9157.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 3.6858 and 3.7157).

Supports and resistances

3.9157 **

3.8550 *

3.7530 **

3.7130

3.6613 last

3.5206

3.4604 **

3.4003 *

3.3401 **

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