Market Overview: USDC/Zloty (USDCPLN) – 24-Hour Technical Analysis

• USDCPLN traded in a narrow range of 3.593–3.610, with a 24-hour close near the upper end at 3.607.
• Momentum remained mixed as RSI hovered around the 50 level with no clear overbought or oversold signals.
• Volatility declined modestly late in the session, as seen in compressed Bollinger Bands and reduced turnover.
• A key support level appears to form around 3.596–3.597, with initial resistance at 3.609–3.610.
• Volume and turnover were unremarkable overall, with no major divergence or confirmation of price action.

USDC/Zloty (USDCPLN) opened at 3.612 on 2025-10-03 at 12:00 ET and closed at 3.607 on 2025-10-04 at 12:00 ET, with a high of 3.610 and low of 3.593 over the 24-hour period. Total volume for the session was 736,000, and total turnover amounted to approximately 2.24 million Zloty. Price action showed a consolidative pattern, with no clear breakouts or reversals.

Structurally, the pair found key support at 3.596–3.597, confirmed by a bearish engulfing pattern and a failed rally attempt below 3.605. Resistance levels appeared at 3.609–3.610 and 3.607–3.608, with the latter showing some consolidation and retests. A doji formed around 3.610 in early morning trading, hinting at indecision among buyers. The price action suggests a potential continuation of the range-bound behavior unless one side gains momentum.

The 20-period and 50-period moving averages on the 15-minute chart remained in close proximity, with the 20-period line slightly above the 50-period line, indicating a potential short-term bullish bias. On the daily chart, the 50-period MA sat just above the 200-period line, suggesting a slightly bullish trend. Price did not show a strong deviation from the moving averages, reinforcing the idea of a sideways market.

The 15-minute MACD showed a flat line with no clear divergence from price, and the RSI hovered near 50, indicating a lack of strong momentum in either direction. Bollinger Bands contracted slightly in the final hours of the session, signaling potential volatility expansion ahead. The price spent most of the session within the bands, but late in the session, it drifted closer to the lower band, indicating a possible oversold condition.

Backtest Hypothesis: Given the presence of a defined support zone at 3.596–3.597 and resistance at 3.609–3.610, a potential strategy could involve a range-trading approach. Short entries near resistance and long entries near support could be considered with tight stop-loss levels just outside the defined range. A simple 1.5% profit target for both directions may help manage risk while capturing small moves in either direction. Historical data shows that price tends to oscillate within 3.605–3.610 for much of the session, suggesting this range may persist for at least another 24 hours, offering a viable framework for testing this strategy.