| 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 | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇒ | ⇗ |
The US Dollar has been depreciating against the Polish Zloty within a descending channel since the beginning of April.
From a theoretical perspective, it is likely that the USD/PLN exchange rate could continue to trade within the given channel in the medium term. Note that the rate could gain support from the Fibo 23.60% and the monthly PP at the 4.0700 mark.
However, note that the currency pair is supported by the 55-, 100– and 200-hour SMAs near 4.1600. Thus, a breakout north could occur in the nearest future, and the pair could exceed the 4.3000 level.