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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 testing its 3.95 resistance since yesterday after retracing significantly higher this month; next level to watch on the topside stands at 3.98. On the downside, first support stands at 3.90, followed by 3.87 (50DMA).
- EURPLN continues to test new highs with the pair approaching its next resistance at 4.64; a break above that level would open the door for a move up to 4.68. On the downside, first support stands at 4.57 (50DMA), followed by 4.54 (200DMA).
- PLNJPY ticks higher this morning after finding a local low 27.67 earlier; the pair looks slightly oversold following the sharp consolidation we have seen in the past two weeks. Next support to watch on the downside stands at 27.60 (50% retracement of the 25.12 – 30.09 range). On the topside, first resistance stands at 28, followed by 28.37 (50DMA).
- CZKPLN has been trending higher amid traders chasing the monetary policy divergence; the pair broke its 0.1812 resistance yesterday and is gradually approaching its key resistance at 0.1834, which corresponds to the pair's all time high. On the downside, first support stands at 0.18, followed by 0.1793.
- PLNHUF ticks higher this morning after finding a local low at 76.22 earlier; key ST support to watch on the downside stands at 76. On the topside, first resistance stands at 77, followed by 77.32 (50DMA).
- GBPPLN ticks higher this morning and is currently trading slightly below its 5.40 resistance; a break above that level would open the door for a move up to 5.49, which was the high reached on March 29. On the downside, first resistance stands at 5.34 (50DMA), followed by 5.30 (100DMA). Key support stands at 5.28, which corresponds to the LT upward trending support line. (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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