USD/PLN 1H Chart: Rising Wedge

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
USD/PLN was faltering above its 200-hour SMA over more than a week, as two upward-sloping pattern's boundaries were alleviating both selling and buying pressures on the pair.
Now USD/PLN is vacillating above its daily pivot at 3.2414 and may rally to the next resistance zone at 3.2573 (daily R1), above which at 3.2703 the next resistance level can be found. Traders are bullish in 64.71% of cases, while technical indicators also are sending "buy" signals, meaning that the pair has high chances for appreciation.
© Dukascopy Bank SA
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