| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Buy | Neutral | Buy |
| SAR (0.02; 0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇗ |
The US Dollar reached a new ten-month high against the Polish Zloty at 3.80 during the first trading days in July. This was followed by a decline down to the senior channel which was reached earlier this week near 3.66. The 50.00% Fibonacci retracement is likewise located there.
This session has weighted heavily on the pair, as it has fallen back to the 100– and 200-hour SMAs circa 3.70. Given that this level is likewise reinforced by the 200– and 55-period (4h) SMAs, bears might be reluctant to push the rate below this cluster.
It is expected that these moving averages guide the pair higher during the following sessions, setting the aforementioned ten-month high and the monthly R1 as the most probable upside target in the short term. In case this support is breached, bears should take the upper hand in the market and push the US Dollar lower until 3.60 at least.