| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇗ |
The US Dollar has been appreciating against the Polish Zloty since the beginning of March. This movement has been bounded in the short-term ascending channel.
Currently, the currency pair is testing the lower channel line located at the 3.7850 mark. Note, that the pair is pressured by the 55-, 100– and 200-hour SMAs, it is likely, that a breakout south could occur in the nearest future. A possible downside target is the psychological level at 3.7400.
However, if the given channel holds, it is expected a reversal north could occur within the following trading sessions, and the exchange rate could reach the upper boundary of the long-term ascending channel at 3.8807.