USD/PLN ST: the upside prevails as long as 2.738 is support
26-May-11
05:07
Our pivot point stands at 2.738.
Our preference: the upside prevails as long as 2.738 is support.
Alternative scenario: the downside breakout of 2.738 would call for 2.663 and 2.619.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (standing respectively at 2.744 and 2.7642).
Supports and resistances:
2.998 *
2.954 **
2.909
2.8004 last
2.767
2.738 **
2.663 *
Ticker: PLN
