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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
- PLNJPY has been retracing slightly lower this morning after receiving strong support on Friday at around its 50D SMA (28.35). Levels to watch on the topside stands at 28.80 (downward trending resistance line), followed by 29 (key resistance). On the downside, levels to watch after 28.35 stand at 28.20, followed by 28.
- CZKPLN: momentum remains firm after the pair found some support at its 50D SMA last week (0.1753); levels to watch on the topside stand at 0.1771, followed by 0.1791. On the downside, next key support below 0.1753 stands at 0.1740 (100D SMA).
- USDPLN broke below its 3.78 on Friday and is currently testing its 3.76 support level, which corresponds to its 100D SMA; next level to watch on the downside stands at 3.70. On the topside, ST resistance stands at 3.82 (50D SMA).
- GBPPLN has been retracing lower in the past week after failing to break through its 50D SMA last week (5.30); levels to watch on the downside stands at 5.20, followed by 5.17 (100D SMA). On the topside, next resistance to watch after 5.30 stands at 5.35.
- PLNHUF (with chart): the pair continues to test new highs amid HUF weakness this month and is gradually approaching its key resistance at 80, which corresponds to the 23.6% Fibo retracement of the 75.83 – 81.37 range and the high of its downward trending channel. A break through the 80 level would open the door for a move up to 80.40 (March 9 high). On the downside, supports to watch stand at 79.68 (200D SMA), followed by 79.52 (100D SMA).
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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