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CZK: Edging Higher Again

PLN

PLN/CZK has inched higher and last deals +139 pips at 5.6709, with the broader uptrend still intact. The rate rejected channel floor at 5.6269 yesterday and recovered from there, with bulls looking for a test of Dec 27 high of 5.7175 and channel top at 5.7720.

  • The focus turns to the NBP's monetary policy decision, due later today, which will be followed by a press conference with Governor Adam Glapinski tomorrow at 14:00GMT/15:00CET. Meanwhile, the CNB is not due to make any rate decisions before February 8.

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