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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 consolidating sharply lower following the NBP decision, gradually approaching its 3.92 support; a break below that level would open the door for a move down to 3.90. On the topside, first resistance to watch stands at 4.
- EURPLN also retraced sharply lower and is currently testing its 100DMA at 4.5470; next key support to watch on the downside stands at 4.50. On the topside, first resistance stands at 4.57 (50DMA), followed by 4.60.
- GBPPLN ticks higher today after receiving support at its 50DMA at 5.3450; next support to watch on the downside stands at 5.31 (100DMA). On the topside, first resistance stands at 5.40, followed by 5.4340.
- CZKPLN has been consolidating sharply lower since yesterday, gradually approaching its 100DMA at 0.1785; next support to watch on the downside stands at 0.1768 (200DMA). On the topside, first resistance stands at 0.18.
- PLNHUF ticks lower today after finding resistance at the 79 level earlier; support to watch on the downside stands at 78.40 (200DMA), followed by 78. On the topside, next resistance to watch above 79 stands at 79.40.
- PLNJPY has been retracing higher in the past two days, currently testing its 50DMA at 28.3250; next resistance to watch on the topside stands at 28.54 (200DMA), followed by 28.60, which corresponds to the 38.2% Fibo retracement of the 26.23 – 30.09 range. On the downside first support stands at 28.16 (50% retracement), followed by 28. (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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