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The_STA
Jan 25, 2024 7:02 PM

USD/PLN: Triple Confirmation Sparks Bullish Momentum Long

U.S. DOLLAR / POLISH ZLOTYICE

Description

USD/PLN is pretty interesting from a technical point of view, it has held over its 10-year uptrend at 3.85, held over support on a weekly closing basis from January 2022 on the weekly chart AND completed an inverse head and shoulders pattern on the daily chart, with an approx. upside measured target to 4.14. Each of these indicators individually would suggest a bullish outlook, but collectively they reinforce a compelling case for optimism.

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