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Technical Analysis: EURPLN Breaks Above 4.60

POLAND
  • USDPLN ticks higher this morning after finding support slightly above the 3.95 level; key resistance to watch on the topside stands at 4. On the downside, next support to watch below 3.95 stands at 3.9310 (50DMA).
  • EURPLN ticks higher this morning and is currently trading slightly above the 4.60 level; next resistance to watch on the topside stands at 4.6330. On the downside, first support stands at 4.5850 (50DMA), followed by 4.5720 (100DMA).
  • CZKPLN ticks higher this morning, currently testing its key resistance at 0.1826; next key level 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 stands at 0.1812.
  • PLNHUF has been retracing higher this week; ST resistance to watch on the topside stands at 79. On the downside, first resistance stands at 78.33 (200DMA), followed by 78.
  • PLNJPY ticks lower this morning, currently trading at a 1-month low; first support to watch on the downside stands at 28.13, followed by 28. On the topside, first resistance stands at 28.5070 (100DMA), followed by 28.6350 (200DMA).
  • GBPPLN has been retracing higher this week after receiving support slightly below its 100DMA on Monday; next resistance to watch on the topside stands at 5.40, followed by 5.44. On the downside, next support to watch on the downside stands at 5.31 (200DMA).

Source: Bloomberg/MNI

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