Our pivot point is at 3.5339.
: target 3.5065.
: above 3.5339, look for 3.5442 and 3.5503.
: the RSI is trading below 30. This could mean that either the pair is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is below its 20 MA (3.5294) but above its 50 MA (3.5217). Finally, the USD/ILS has penetrated its lower Bollinger band (3.5253).
Supports and resistances