| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
The Polish Zloty has been depreciating against the US Dollar since the beginning of July after the USD/PLN currency pair reversed north from the lower boundary of the long-term ascending channel at 3.7300.
Currently, the exchange rate is testing the upper channel line at the 3.9427 mark. From a theoretical point of view, it is likely, that a reversal south could occur in the nearest future, and the rate could target the lower channel line in the medium term.
However, note, that the pair is supported by the 100– and 200-hour moving averages, currently located at 3.8991 and 3.8781 respectively. Thus, the rate could breach the given trend north and extend gains. Important resistance level to look out for is the monthly R2 at 3.9779.