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USDPLN Trading At 1M High Amid Broad USD Strength

POLAND
  • EURPLN continues to trade its 100DMA (4.6240) and its 50DMA (4.6744); a break above the 4.6740 level would open the door for a move up to 4.70. On the downside, key support to watch stands at 4.6090 (200DMA).
  • USDPLN has been trending higher in recent days amid broad US Dollar strength, with the pair currently trading at a 1-month high; ST resistance to watch on the topside stands at 4.40. On the downside, support to watch stands at 4.30, followed by 4.2430 (50DMA).

Source: Bloomberg/MNI

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