| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Sell |
| RSI (14) | Neutral | Neutral | Buy |
| Stochastic (5; 3) | Sell | Neutral | Neutral |
| Alligator (13; 8; 5) | Sell | Sell | Sell |
| SAR (0.02; 0.2) | Buy | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
The direction of USD/PLN has been tended southwards since late September. The pair is currently trading near its three-year low of 3.3902.
As apparent on the chart, the Greenback's massive plunge last week has changed to a slight period of consolidation just above the monthly S2 and the weekly S1 near 3.39. This area coincides with the bottom boundary of a four-month channel down.
Technical indicators demonstrate that the US Dollar might still be driven by a brief period of decline today. This fall, however, should not exceed the aforementioned 3.39 mark. Meanwhile, it is expected that the rate continues to recover within the following week or two.
The nearest point of resistance is the 200-hour SMA and the weekly PP circa 3.45, while upside potential could be realised near the 3.48 mark where the upper boundary of the four-month channel down is located.