USD/ILS 4H Chart: Reversal north could occur

Note: This section contains information in English only.
Source: Dukascopy Bank SA
4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellSellSell
Aggregate

The USD/ILS exchange rate has been trading downwards since the end of September, after it failed to exceed the 3.4800 level.  

Given that the currency pair is pressured by the 55-, 100– and 200-period moving averages in the 3.4000 area, it is likely that some downside potential could prevail in the market.  

In the meantime, note that the exchange rate could gain support at the 3.3520 level. Thus, a reversal north could occur, and the rate could target the 3.5000 mark.

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