Free Trial

10Y Yield Breaks Above 3% Resistance

POLAND

FI/FX MARKETS


  • USDPLN ticks sharply higher this morning after finding support at the 3.9440 level earlier, with PLN giving up most of its yesterday's gains. First resistance to watch on the topside stands at 3.9860, followed by 4. On the downside, next support to watch below 3.9440 stands at 3.9210 (50DMA).
  • EURPLN ticks higher this morning after receiving support at the 100DMA yesterday (4.57); next resistance to watch on the topside stands at 4.60, followed by 4.6260. On the downside, next support to watch below 4.57 stands at 4.5540 (200DMA).
  • Poland 10Y yield continues to retrace higher following yesterday's decision, breaking above its key resistance at 3% (highest level since July 2019). Next level to watch above that stands at 3.16%. On the downside, first support stands to watch stands at 2.80%.

Source: Bloomberg/MNI

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.