USD/PLN reaches early 2020 levels

Source: Dukascopy Bank SA


On November 11, the USD/PLN currency exchange rate passed the 2021 high level zone. The event was followed by a surge to the 4.0600 level. Near the 4.0600 level the pair consolidated its gains by trading sideways.

In the case that the pair resumes its surge, it could encounter resistance in the 2020 March high volatility zone's lower border at 4.07300/4.0820. Above this zone, round exchange rate levels could act as resistance.

Meanwhile, a decline of the pair might result in the USD/PLN looking for support in the 4.0080/4.0177 zone, which is the previous 2021 high level zone.
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