Technical alert: USDPLN

10:25 24 September 2019
  • USDPLN returns below the 4.00 handle

  • Main trend remains upward

  • Chance for a test of a lower limit of 1:1 structure

USDPLN is trading in an upward trend. The pair reached a fresh YTD high recently but pull back below the 4.00 handle later on and the correction may deepen. The nearest support can be found in the vicinity of the 3.9730 handle, where one can find the lower limit of 1:1 structure. As long as the price holds above it, there is a chance for an upward move to continue. However, breaking below the 3.9720 handle may pave the way for the decline to as low as 3.90 PLN, where one can find support marked by the previous price reactions and the 38.2% Fibonacci retracement.USDPLN H4 interval. Source: xStation5

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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