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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 trending lower in the past week, breaking below its 50DMA at 3.86 this morning; next support to watch on the downside stands at 3.83, followed by 3.80 (100DMA). On the topside, first resistance to watch stands at 3.90, followed by 3.94.
- EURPLN has been consolidating lower in the past few days after failing to break its 4.60 resistance earlier this month (Aug 20); support to watch on the downside stands at 4.54 (100DMA and 200DMA), followed by 4.50. On the topside, key resistance remains at 4.60.
- GBPPLN continues to trend lower this morning and is currently testing its 100DMA at 5.29; a break below that level would open the for a move down to 5.22 (200DMA). On the topside, first resistance stands at 5.33 (50DMA), followed by 5.40.
- PLNHUF ticks higher this morning following the higher than expected Polish CPI print; the pair is currently testing its 77 resistance, next level to watch on the topside stands at 77.68 (50DMA). On the downside, key support remains at 76.
- CZKPLN has been consolidating lower in the past few days and is currently testing its 100DMA at 0.1776; a break below that level would open the door for a move down to 0.1755 (200DMA). On the topside, first resistance to watch stands at 0.18.
- PLNJPY has constantly testing new highs in the past week, breaking above its 200DMA at 28.51 this morning; next level to watch on the topside stands at 28.88 (100DMA). On the downside, first support stands at 28.28, followed by 28.16 (50% retracement of the 26.23 – 30.09 range and LT upward trending support line). (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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