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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 ticks sharply higher this morning after finding support at the 3.9440 level earlier, with PLN giving up most of its yesterday's gains. Next key resistance to watch on the topside stands at 4. On the downside, next support to watch below 3.9440 stands at 3.9210 (50DMA).
- EURPLN ticks higher this morning after receiving support at the 100DMA yesterday (4.57); next resistance to watch on the topside stands 4.6260. On the downside, next support to watch below 4.57 stands at 4.5540 (200DMA).
- GBPPLN has been trending higher this morning and currently trades above yesterday's high; next resistance to watch on the topside stand at 5.47, followed by 5.50. On the downside, first support stands at 5.40, followed by 5.3750 (50DMA).
- CZKPLN ticks higher this morning after finding support slightly above its 100DMA at 0.1792; resistance to watch on the topside stands at 0.1808, followed by 0.1817. On the downside, next support to watch below that stands at 0.1775 (200DMA).
- PLNHUF ticks lower this morning and is currently trading slightly below its 200DMA (78.34); next resistance to watch above that stands at 78.75, followed by 79. On the downside, first support to watch stands at 78, followed by 77.80.
- PLNJPY has been retracing significantly lower this morning after reaching local high at 28.93 earlier, gradually approaching its ST support at 28.53 (100DMA). A break below that level would open the door for a move down to 28.19 (38.2% Fibo retracement of the 25.12 – 30.09 range). On the topside, next resistance to watch above 28.93 stands at 29, followed by 29.13. (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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