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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
- PLNJPY has been trending higher in the past three days after finding its low at 28.44 in the beginning of the week. Main key resistance on the topside stands at 29, which the pair has failed to break a few times (Jan and Aug 2020 and April 12th 2021). On the downside, first support to watch stands at 28.50, followed by 28.32 (50D SMA).
- USDPLN: Implied vol on the pair has eased in recent days and USDPLN continues to receive support at around the 3.80 level. Next supports to watch on the downside stand at 3.78 (200D SMA), followed by 3.76 (100D SMA). On the topside, levels to watch stand at 3.86, followed by 3.90.
- PLNHUF continues to trend higher today and is currently testing its 50D SMA at 79.40; a break above that level would open the door for a move up to 79.70 (200D SMA). On the downside, first support to watch stands at 79, followed by 78.50.
- CZKPLN: the pair has stabilized slightly above the 0.1750 level in the past few days following a strong rally earlier this week. Levels to watch on the downside (below 0.1750) stand at 0.1740 (100D SMA), followed by 0.1710 (200D SMA). On the topside, first resistance stands at 0.1770, followed by 0.1790.
- GBPPLN: the pair has been trending lower in the past few days and tested its 5.20 support (again) this morning, which corresponds to the 38.2% Fibo retracement of the 4.74 - 5.49 range; a break below that level would open the door for a move down to 5.15 (100D SMA), On the topside, first level to watch stands at 5.28 (50D SMA), followed by 5.31 (23.6% Fibo). See 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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