USD/PLN may rise to 4.1587 - 4.2358

Our pivot point stands at 3.8897.

Our preference

The upside prevails as long as 3.8897 is support.

Alternative scenario

The downside breakout of 3.8897 would call for 3.7604 and 3.6835.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 3.9768 and 3.9887).

Supports and resistances

4.3902 **

4.3130 *

4.2358 **

4.1587

4.0003 last

3.9404

3.8897 **

3.7604 *

3.6835 **

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