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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 keeps trending higher this morning, currently trading above the 4.12 level; next resistance to watch stands at 4.1540. On the downside, first support to watch stands at 4.10 , followed by 4.0790.
- EURPLN ticks higher this morning, currently testing its 4.66 resistance; next level to watch stands at 4.68. On the downside, first support to watch stands at 4.6380, followed by 4.60.
- PLNJPY has been consolidating lower tin the past two weeks and received support slightly below the 27.80 level; next support to watch below that stands at 27.67. On the topside, first resistance to watch stands at 28.
- PLNHUF ticks lower this morning, currently trading slightly below its 200DMA at 78.31; next support to watch on the downside stands at 78.09 (50DMA). On the topside, first resistance to watch stands at 79.
- CZKPLN ticks higher this morning, currently trading close to its all-time high at 0.1850. Support to watch on the downside stands at 0.1834, followed by 0.1825.
- GBPPLN continues to trend higher this morning after breaking above the 5.51 level, which corresponds to the 61.8% Fibonacci retracement of the 4.58 – 6.09 range; the pair is currently trading at its highest level since pre-Brexit. Next resistance to watch on the topside stands at 5.60. On the downside, first support to watch below 5.51 stands at 5.47. RSI 14D is showing that the pair is currently moderately 'overbought'. (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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