| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇗ |
The US Dollar has been depreciating against the Polish Zloty since the beginning of March when the exchange rate reversed from the upper boundary of the short-term descending channel at 3.8576.
As apparent on the chart, the currency pair is testing the lower channel line at 3.7720. If given channel holds, it is likely that a reversal north occurs within the following sessions, and the rate targets the upper channel line located circa 3.8560.
Otherwise, it is expected that a breakout south occurs in the nearest future. Potential downside target is the psychological level at the 3.7500 mark.