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Momentum on USDPLN Remains Firm

POLAND
  • EURPLN ticks lower this morning, currently trading slightly above its 100DMA (4.6240); a break below that level would open the door for a move down to 4.6060 (200DMA). On the topside, resistance to watch stand at 4.6580 (50DMA).
  • USDPLN has been trending higher since the start of the month after receiving support at its 50DMA in the end of March. Resistance to watch on the topside stands at 4.3150. On the downside, key support to watch stands at 4.1920 (50DMA).

Source: Bloomberg/MNI

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