XE Currency Converter
Following a test of the 3. However, Poland is a developing economy and profit differentials sometimes arise from problems in that growth. This movement has been bounded in a new senior channel. US dollar has such penetration in global currency markets, some commodities only trade in US dollars. Any political disruptions in the process have an obvious influence on the pair.
Given that the rate is supported by the — and hour SMAs, currently located near 3. If given channel does not hold, a breakout north The US Dollar has been depreciating against the Polish Zloty since the middle of August after the currency pair pullback from the upper boundary of a descending channel at 3.
The hour simple moving average was providing resistance at 3. Also, a bearish fractal was formed, which could be an optimal level to enter the short position. Key level for next h is 3. If break, next is 3. Price will do the Elliot wave cycle all the way down to the 0. Watch closely the previous patterns as its again repeats the previous moves that I highlighted.