Currency pair US Dollar to Polish Zloty USD/PLN continues to move in the framework of the correction and the formation of the «Triangle» model. At the time of the publication of the forecast, the rate of the US Dollar to the Polish Zloty is 3.77. At the moment, we can expect a test of the support level near the 3.75 area. Then, continued growth of the USD/PLN quotes to the area above the level of 3.85.
USD/PLN forecast Polish Zloty December 6, 2018
The test of the support line on the relative strength index (RSI) will be in favor of the growth of the US Dollar/Polish Zloty currency pair. As well as a rebound from the lower boundary of the bullish channel. Cancellation of the growth option of the USD/PLN pair on Forex will be a strong fall and a breakdown of the 3.70 area. This will indicate a breakdown of the support level and a continued decline in quotations of the currency pair to the area below the level of 3.60. Waiting for confirmation of the growth of the USD/PLN quotes is with the breakdown of the upper limit of the «Triangle» model and closing above the level of 3.80.
USD/PLN forecast Polish Zloty December 6, 2018 implies an attempt to test the support area near the 3.75 level. Where can we expect a rebound and continued growth of the currency pair with a potential goal at the level of 3.85. In favor of the growth of the dollar will test the trend line on the indicator of relative strength index (RSI). Cancellation of the growth option will be a strong fall and a breakdown of 3.70.