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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 has been trading within a tight range (3.76-3.80) in the past two weeks and has been constantly testing its 100D SMA (3.77) this week; a break below that level would open the door for a move down to 3.70. On the topside, ST resistance stands at 3.83 (50D SMA).
- GBPPLN has been retracing lower in the past two days after failing to break through its 5.31 resistance on Wednesday; next support to watch on the downside stands at 5.19 (100D SMA). On the topside, next resistance to watch (after 5.31) stands at 5.35.
- PLNJPY has been trending higher in the past week, currently testing its ST key resistance at 29, which was rejected twice since January (Sep 2020 and on April 12 this year). Next resistances to watch on the topside stand at 29.25 and 29.50, which would bring us April 2019 highs. On the downside, first support stands at 28.38 (50D SMA), followed by 28.22 (100D SMA).
- CZKPLN ticked lower this morning after testing a local high of 0.1773 yesterday; next key resistance to watch on the topside stands at 0.1791 (March 30 high). On the downside, first support stands at 0.1756 (50D SMA), followed by 0.1743 (100D SMA).
- PLNHUF has been consolidating lower this week after failing to break through its psychological resistance at 80, which also represents the high of its LT downward trending channel. Supports to watch on the downside stands at 78.50, followed by 78. The chart below shows that the trend on the pair looks bearish after PLNHUF broke below its LT upward trending support line at the end of last month. Important support based on the downward trending channel stands at 77.40.
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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