Currency pair US Dollar to Polish Zloty USD/PLN continues to move in growth. At the time of the publication of the forecast, the course of the US Dollar to the Polish Zloty is 3.81. At the moment, we can expect a test of the resistance level near 3.83, then a rebound and the continuation of falling USD/PLN quotes to the area below the level of 3.70.
USD/PLN forecast Polish Zloty November 1, 2018
The test of the resistance line on the relative strength index (RSI), as well as the formation of the descending «Wolfe Wave» model, will be in favor of the fall of the US dollar Polish Zloty currency pair. Cancellation of the option to reduce the USD/PLN pair on Forex will be a strong growth and a breakdown of the 3.85 area, which will indicate a breakdown of the resistance level and continued growth of the currency pair quotes to the area above the 3.90 level. USD/PLN quotes are expected to accelerate with the breakdown of the support area and closing below 3.75.
USD/PLN forecast Polish Zloty November 1, 2018 implies an attempt to test the support area near 3.83, from which one should expect a rebound and continued growth of the currency pair with a potential target of 3.70, the test of the trend line on the relative strength index (RSI), the abolition of growth options will make a strong fall and the breakdown of the area 3.85.