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10Y Yield Approaching Key Resistance at 3.50%

POLAND
  • USDPLN found resistance slightly below 4.20 this week; a break above that level would open the door for a move up to 4.24. On the downside, first support stands at 4.15, followed by 4.10.
  • EURPLN broke above 4.70 yesterday, its highest level since March 2009; next resistance to watch on the topside stands at 4.7940. On the downside, first support stands at 4.6840, followed by 4.6620.
  • Poland 10Y yield continues to retrace higher amid rising elevated inflationary pressures; next level to watch on the topside stands at 3.50%. On the downside, support to watch stands at 3.2160%.

Source: Bloomberg/MNI

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