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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 retracing higher in the past week, breaking above the 3.70 resistance on Friday; next levels to watch on the topside stand at 3.74 (50D SMA) and 3.77 (100D and 200D SMA). On the downside, first support stands at 3.70. followed by 3.65.
- GBPPLN is currently testing its 100D SMA at 5.25 after receiving strong support in the past few days; next resistance to watch above that stands at 5.30. On the downside, key support stands at 5.12 (100D SMA).
- PLNJPY has been consolidating lower this month following strong momentum in May, recently breaking below its 29.50 support; next level to watch on the downside stands at 29.16 (50D SMA), followed by 29. On the topside, first resistance to watch stands at 30.09.
- CZKPLN ticks lower this morning after gaining strong momentum last week; ST key resistance to watch on the topside stands at 0.1791 (March 30 high). On the downside, first support stands at 0.1756 (100D SMA).
- PLNHUF has been trending higher this morning amid HUF weakness following NBH policymaker Pleschinger comments; first resistance stands at 78, followed by 78.41 (50D SMA). On the downside, first support stands at 77, followed by 76.60.
- EURPLN has been testing the 4.50 resistance in the past two days after breaking above the 4.49 level week, which corresponds to the 61.8% Fibo retracement of the 4.38 – 4.68 range; next resistance to watch on the topside stands at 4.52 (200D SMA), followed by 4.54 (100D SMA). On the downside, ST support to watch stands at 4.45 (76.4% Fibo).
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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