CHF/PLN may rise to 4.6487 - 4.7315

Our pivot point stands at 4.3598.

Our preference

As long as 4.3598 is support look for 4.7315.

Alternative scenario

The downside breakout of 4.3598 would call for 4.2211 and 4.1385.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 4.4710 and 4.4153).

Supports and resistances

4.8972 **

4.8144 *

4.7315 **

4.6487

4.4758 last

4.4143

4.3598 **

4.2211 *

4.1385 **

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