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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: Momentum on the pair has accelerated following yesterday's Gowin dismissal, USDPLN broke above its key resistance at 3.90; next level to watch on the topside stands at 3.98 (March 31).
- EURPLN has been trending higher in the past week and is currently trading slightly below its key ST resistance at 4.60; a break above that level would open the door for a move up to 4.65. On the downside, first support stands at 4.55 (100DMA), followed by 4.53 (200DMA).
- PLNJPY has been consolidating lower this week after break below its 200DMA (28.46) on Friday; first support to watch on the downside stands at 28.17, followed by 28. On the topside, first resistance to watch above 28.46 stands at 28.58.
- CZKPLN broke above its 0.18 key resistance amid PLN weakness following yesterday's news; next key resistance to watch on the topside stands at 0.1834, which represents the pair's all time high reached in December 2011. On the downside, first support to watch below 0.18 stands at 0.1784, followed by 0.1778 (50DMA).
- PLNHUF ticks higher this morning after failing to break below its 77 support yesterday; resistance to watch on the topside stands at 78 (50DMA). On the downside, first support to watch below 77 stands at 76.55.
- GBPPLN continues to trend higher this morning, breaking above its 5.40 resistance; next level to watch on the topside stands at 5.45, followed by key resistance at 5.50 (March 29 high). On the downside, first support stands at 5.38, followed by 5.32 (23.6% Fibo retracement of the 4.79 – 5.49 range).
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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