CHF/PLN may rise 311 - 430 pips

Our pivot point stands at 4.5307.

Our preference

The upside prevails as long as 4.5307 is support.

Alternative scenario

Below 4.5307, expect 4.5108 and 4.4989.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 4.5297 and 4.5297). Finally, the CHF/PLN is trading above its upper Bollinger band (standing at 4.5458).

Supports and resistances

4.6132 **

4.6013 *

4.5894 **

4.5775

4.5464 last

4.5386

4.5307 **

4.5108 *

4.4989 **

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