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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.
POLAND
- USDPLN ticks lower this morning and keeps oscillating between 3.64 and 3.70; on the topside, resistance to watch above 3.70 stands at 3.77. On the downside, first support stands at 3.62.
- EURPLN has been retracing slightly lower in the two days after testing its 4.47 resistance; ST support to watch on the downside stands at 4.44, which corresponds to the 50% retracement of the 4.20 – 4.68 range, followed by 4.42. On the topside, first resistance stands at 4.50, followed by 4.52 (200D SMA).
- PLNJPY has been retracing higher in the past few days after finding a local low at 29.75 on Monday; ST resistance to watch on the topside stands at 30.08, followed by 30.40. On the downside, first support stands at 29.53, followed by 29.08 (50D SMA).
- CZKPLN has been retracing lower in the past two days after failing to break through its 50D SMA at 0.1764; supports to watch on the downside stands at 0.1748, followed by 0.1740. On the topside, ST resistance to watch above 0.1764 stands at 0.1771.
- PLNHUF ticks lower this morning after finding at high at 78.21; resistances to watch on the topside stand at 78.48 (50D SMA), followed by 79 (100D SMA). On the downside, first support stands at 77.40, followed by 77.
- GBPPLN has been trading sideways in the past two weeks after finding support at 5.16, which corresponds to the 38.2% Fibo retracement of the 4.64 – 5.49 range (2019 / 2021 low high); next key support to watch on the downside stands at 5.12 (200D SMA). On the topside, first resistance stands at 5.25 (50D and 100D SMA), followed by 5.29 (23.6% Fibo). (chart below).
Source: Bloomberg/MNI
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.
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