USD/PLN 4H Chart: Short-term decline expected

Source: Dukascopy Bank SA
4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)BuyNeutralBuy
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellSellSell
Aggregate

The USD/PLN exchange rate has been trading downwards within a descending channel since the end of August.  

From a theoretical point of view, it is likely that some downside potential could prevail in the market, and the currency pair could continue to decline within the given pattern within the following trading sessions.  

Meanwhile, it is unlikely that bulls could prevail in the market, and the exchange rate could exceed the psychological level at 4.0230.

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