Free Trial
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 retraces slightly higher following US CPI print yesterday and the pair is currently testing its 3.78 resistance (100D and 200D SMA); resistance to watch above 3.78 stands at 3.83 (50D SMA). On the downside, next support to watch stands at 3.70.
- GBPPLN ticks slightly lower this morning after failing to break its 5.31 resistance (50D SMA) several times this week; a break above that level would have opened the door for a move up to 5.35. On the downside, key supports stand at 5.22 (100D SMA), followed by 5.09 (200D SMA).
- PLNJPY broke its 29 resistance this week and is currently testing its ST resistance at 29.10, which corresponds to the 50% retracement of the 2018-2021 high-low range. A break above that level would open the door for a move up to 29.55; on the downside, first support stands at 28.60, followed by 28.46 (50D SMA).
- CZKPLN has been retracing slightly lower in the past two days after finding a local high of 0.1787 on Monday; key resistance to watch on the topside stands at 0.1791 (March 30 high). The LT resistance stands at 0.1834 (Dec 2011 high), which also represents the pair's all-time-high. On the downside, first support stands at 0.1772, followed by 0.1763 (50D SMA).
- PLNHUF retraces lower after failing to break through the 79 psychological level yesterday; first resistance to watch on the topside stands at 79.10 (50D SMA), followed by 79.34 (100D SMA). On the downside, supports to watch stand at 78, followed by 77.58.
- EURPLN has been consolidating lower in the past week, testing its ST 4.54 support, which represents its LT upward trending support line. Next level to watch on the downside stands at 4.51, which is its 200D SMA and its 2020-2021 upward trending support line (red). On the topside, first resistance stands at 4.63, followed by 4.68 (March 29 high). A break above that level would bring us back to the March 2009 highs. (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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok