USD/PLN Higher

USD/PLN is trading to the upside since the beginning of February this year with price going from 3.9776 to a high of 4.0877. The pair is in a bull rally due to weak Polish fundamentals and respectively strong data coming from the US. Dollar bulls may try to bring it up to a first target at 4.1122. In that case, they would have to go through immediate resistance at 4.08.

On the other hand, Polish bulls have a slight advantage in current market environment due to the immediate resistance and weak volumes. They could push it down to major target of 3.9300. Bears have to go through a few support levels namely 4.0370, 3,9740.

The long-term trend remains bullish, the short-term is still bearish until we can get above 4.2800.

Chart: USD/PLN H4