Thu, 07 Nov 2013 06:49:24 GMT
USD/PLN 1H Chart: Channel Down
The U.S. Dollar was gradually appreciating against the Polish Zloty during October but the pair reversed its trend in early November and started a formation of the channel down pattern. At the moment of writing, the pattern is relatively short, only 60-bar long; however, there are no signs that the pair may breach the pattern limit soon, hence the downside