USD/PLN 4H Chart: Declines on Bucks weakness

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Sell Sell Sell
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

The previously described pattern of the US Dollar against the Polish Zloty was broken, as the Buck started loosing strength during the approval of the US tax reform. Various adjustments to the charts have been made due to the developments. 

The reversal point is used to draw a dominant resistance line, which might play a role in the future. 

A new junior channel down pattern was discovered. The pattern might guide the pair down to the historical low level of 3.5159.

Meanwhile, it has to be noted that the most dominant support is located below that historical low level.

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