| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
The US Dollar has been depreciating against the Polish Zloty since the end of August when the USD/PLN currency pair reversed south from the upper boundary of the rising wedge pattern at 4.0000.
As apparent on the chart, the exchange rate has already re-tested the lower pattern line at 3.8970. Thus, from a theoretical perspective, it is likely that the rate could trade upwards. The rate could reach the upper wedge line in the medium term.
However, note that the currency pair has to surpass the resistance level formed by the monthly PP at 3.9443. Therefore, the expected advance might not be immediate. If the given resistance level holds, the pair could reverse south and breach the given pattern south.