USD/PLN 4H Chart: Broadening Rising Wedge

Source: Dukascopy Bank SA
© Dukascopy Bank SA
The USD/PLN cross has been on a uptrend since the beginning of July, after it was on period of consolidation for five straight months. Moreover, the current uptrend helped the pair to enter a broadening rising wedge pattern that is 79-bar long.
Couple of days ago the pair reached the highest level since July 2012 at 3.4009. Since then the Greenback has lost some value, even though the daily and weekly technical studies remain bullish. The SWFX traders' have a completely different outlook, as an overwhelming majority (74.48%) of them expect the pair to loose its current bullish momentum and to decline towards the lower boundary of the pattern.
© Dukascopy Bank SA
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