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USDPLN Testing 38.2% Fibo Resistance

  • EURPLN keeps trading between its 100DMA (4.6250) and 50DMA (4.6770); ST support to watch below 4.6250 stands at 4.6090 (200DMA). On the topside, resistance to watch above 4.6770 stands at 4.70.
  • USDPLN continues to trend higher amid broad US Dollar strength, with the pair currently testing its 4.35 resistance, which corresponds to the 38.2% Fibo retracement of the 3.9130 – 4.62 range. Next level to watch on the topside stands at 4.4. On the downside, support to watch stands at 4.2510 (50DMA)

Source: Bloomberg/MNI

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