USD/ILS 4H Chart: Two scenarios likely

Source: Dukascopy Bank SA
4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)SellBuyBuy
Aggregate

The USD/ILS exchange rate has been extending gains since the beginning of September after it reserved north from the 3.3510 level.  

Given that the currency pair is supported by the 55-, 100– and 200-period moving averages in the 3.4000 area, it is likely that some upside potential could prevail in the market. 

Note that the pair would have to exceed the Fibo 23.60% located at 3.4783. If the given resistance level holds, it is likely that the rate could consolidate in the nearest future.

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