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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 retracing lower in the past few days after testing its ST resistance at 3.70 last week; next support to watch on the downside stands at 3.62, followed by 3.55. On the topside, first resistance to watch above 3.70 stands at 3.77 (200D SMA).
- EURPLN has also been trending lower in the past week, currently testing its ST support at 4.47; a break below that level would open the door for a move down to 4.42. On the topside, first resistance to watch stands at 4.50, followed by 4.52.
- GBPPLN has been consolidating lower in the pat two days after failing to break through its 100D SMA resistance (5.24) on Friday; support to watch on the topside stands at 5.17, followed by 5.11 (200D SMA). On the topside, next resistance to watch (above 5.24) stands at 5.28.
- CZKPLN has been consolidating slightly lower in the past week, currently trading between its 100D (0.1754) and 50D SMA (0.1767). Next support to watch below 0.1754 stands at 0.1734 (April 12 low); on the topside, key resistance to watch stands at 0.1791.
- PLNHUF has been trading sideways in the past week, oscillating between 77 and 78. Support to watch below 77 stands at 76.50; on the topside, first resistance above 78.00 stands at 78.50 (50D SMA).
- PLNJPY: momentum on the pair has been firm in the past month with PLNJPY approaching key resistance at 30, which corresponds to the 61.8% Fibo retracement of the 25.12 – 33.03 range; next resistance to watch stands at 30.40. On the downside, first support stands at 29.07 (50% retracement) followed by 28.82 (50D SMA).
RSI 14D shows that the pair has been moderately 'overbought' in the past week.
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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