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CZKPLN Keeps Testing its 100DMA

POLAND
  • EURPLN has been testing its 100DMA at 4.6360 in recent days. Next support to watch on the downside stands at 4.6190 (200DMA). On the topside, resistance to watch stands at 4.67 (50DMA).
  • USDPLN has been retracing lower this week, breaking below the 4.40 support; next level to watch on the downside stands at 4.3340 (50DMA). On the topside, ST resistance to watch stands at 4.4450.
  • GBPPLN tick lower this morning, currently testing its 200DMA at 5.47. Next ST support to watch on the downside stands at 5.40. On the topside, resistance to watch stands at 5.5570.
  • PLNJPY has been retracing higher in the past few days, gradually approaching its ST resistance at 29.40; next level to watch on the topside stands at 29.6070. On the downside, first support stands at 29 (50DMA), followed by 28.6130 (100DMA).
  • PLNHUF has bee retracing higher in recent days after finding a local low at 82.29; ST resistance to watch on the topside stands at 83.37. On the downside, support to watch below 82.29 stands at 82.
  • CZKPLN tick lower this morning, currently testing its 100DMA at 0.1882. A break below that level would open the door for a move down to 0.1873, which corresponds to the 23.6% Fibo retracement of the 0.1634 – 0.1947 range. Key support remains at 0.1850 (Low of LT upward trending channel). On the topside, resistance to watch stands at 0.1897 (50DMA).

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