| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Buy |
| Alligator(13;8;5) | Buy | Neutral | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇒ |
The US Dollar has been appreciating against the Polish Zloty since the beginning of November after the USD/PLN currency pair failed to surpass the psychological level at 3.8050.
Currently, the exchange rate is testing the resistance level formed by the monthly PP at 3.8864. Given that the rate is supported by the 55-, 100– and 200-hour moving averages, it is likely that some upside potential could prevail in the market. Important level to look out for is the Fibonacci 0.00% retracement at 4.0228.
However, if the given resistance level holds, it is likely that a reversal south could occur within the following trading sessions. A possible downside target is the Fibonacci 38.20% retracement at 3.7496.