US Dollar vs Polish Zloty stays under pressure as pair hovers near support with mixed technical signals

Traders Union
All News
Currency
Us dollar slides 0.45% today

Highlights

USD/PLN trades below its 20-day moving average but stays above the medium- and long-term trend supports.
Positive momentum indicators support a bullish trend, with most signals suggesting continued buying interest despite oversold readings.
The pair is expected to consolidate between zł3.8517 and zł3.9112 over five days, with an over 80% probability of an upward move.

Anton Kharitonov, expert at Traders Union, points to sustained selling pressure on USD/PLN but questions the depth of the drop. He notes that support levels have not yet broken despite the recent weakness. Absence of fresh news leaves sentiment fragile and exposed to sudden shocks. Oversold readings on the Stochastic RSI and low volatility suggest limited near-term upside. Kharitonov warns, "Traders should remain cautious — current technicals look vulnerable to a deeper correction if sentiment turns negative."

Viktoras Karapetjanc, expert at Traders Union, sees the broader bullish structure for USD/PLN intact despite minor pullbacks. He highlights that moving average alignment and momentum indicators signal the underlying demand remains strong. Karapetjanc is unfazed by short-term corrections and sees opportunity in current consolidation. He states confidently, "Further growth toward zł3.9112 is well supported — I expect bullish setups to prevail this week."

Parshwa Turakhiya, analyst, observes that mixed momentum signals and oversold conditions set the stage for choppy trading in USD/PLN. He cautions that buyers hold a slight edge, but short-term direction will depend on reaction to the zł3.8757 floor. Turakhiya adds that traders should watch for volatility spikes as intraday sentiment shifts. He concludes, "I see a chance for quick range setups — agile entries near support could be rewarded if momentum swings back up."

Bullish trend persists despite short-term correction and mixed signals

USD/PLN is currently trading below its 20-day moving average at zł3.8911, but remains above both the 50-day (zł3.807) and 200-day (zł3.7233) moving averages. This configuration signals a short-term correction within a broader bullish trend. Nearby technical reference points are the Ichimoku Kijun at zł3.8612 as support, with a near-term ceiling at zł3.8891 and a floor at zł3.8757. Positive momentum is confirmed by MACD and ADX, both pointing to buying strength. The RSI sits at 60.57, suggesting continued buying interest. However, the Stochastic RSI is in oversold territory and the CCI reads neutral. Bull/Bear Power is slightly positive at 0.0167, reinforcing a mild buyer advantage intraday, though the oversold Stochastic RSI introduces risk of divergence. Current volatility amplitude stands at 0.41%, with the pair lingering near its intraday low.

Earlier, analysts noted that USD/PLN maintained a bullish outlook supported by strong technical trends and increased access for local traders. The current analysis confirms this underlying upward bias, highlighting that traders should monitor for a potential breakout above the near-term ceiling as the key trigger for the next directional move.

Source of Data: USD Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.