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Firm Dollar Trend Pushes USDPLN Above 50DMA

POLAND
  • Momentum on the USD remains firm following Fed meeting yesterday; USDPLN broke above its 50DMA and tested its 4.10 resistance earlier. Next level to watch on the topside stands at 4.1260. On the downside, first support to watch now stands at 4.0690 (50DMA), followed by 4.0170 (100DMA).
  • EURPLN ticks lower this morning after finding resistance at 4.5950 earlier; ST support to watch on the downside stands at 4.57 (200DMA). On the topside, resistance to watch stands at 4.60 (100DMA).

Source: Bloomberg/MNI

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