Mon, 09 Dec 2013 07:54:52 GMT
USD/PLN 1H Chart: Channel Down
Between mid-November and the very beginning of December, USD/PLN was trading almost flat, fluctuating near its 50- and 200-hour SMAs. The beginning of December brought changes to the pair's trajectory; in particular, the pair dived below its 200-hour SMA and commenced a decline. The drop was developing inside the channel down pattern-a corridor formed by two downward sloping lines. At