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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 ticks higher this morning after receiving strong support at the 3.77 level in the past week (100D and 200DMA); ST resistance to watch on the topside stands at 3.8450, followed by 3.90. On the downside, first support to watch below 3.77 stands at 3.74 (50DMA), followed by 3.70.
- EURPLN has been retracing higher in the past two days, gradually approaching its 200DMA (4.53), a break above that level would open the door for a move up to 4.56. On the downside, first support stands at 4.50, followed by 4.45.
- PLNJPY has been consolidating lower in the past few days, currently trading slightly above its 29 support; next level to watch on the downside stands at 28.81 (100DMA). On the topside, first resistance stands at 29.29 (50DMA), followed by 29.50.
- CZKPLN ticks higher this morning after finding support slightly above its 100DMA at 0.1761; resistance to watch on the topside stands at 0.1780, followed by 0.1791. On the downside, first support to watch below 0.1761 stands at 0.1748.
- PLNHUF ticks lower this morning after failing to break through tis 50DMA at 78.12; the pair has been trading within a tight 1 figure range in the past 6 weeks, between 77.20 and 78.20. Supports to watch on the downside stand at 77 and 76.60. On the topside, first resistance above 78.12 stands at 78.76 (100DMA).
- GBPPLN has been trending higher in the past few days and is gradually approaching its 100DMA at 5.27; a break above that level would open the door for a move up to 5.29, which represents the 38.2% Fibo retracement of the 2021 low high range. On the downside, first support stands at 5.23 (50% retracement), followed by 5.17 (61.8% Fibo). Key support stands at 5.14 (200DMA). (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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