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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 following the NFP miss on Friday, breaking below its key ST support at 3.77 (which represents its 100D and 200D SMA); next support to watch on the downside stands at 3.70. On the topside, 3.77 is now the new resistance on the pair.
- GBPPLN ticks higher this morning after consolidating lower at the end of last week; the pair continues to fluctuate between its 100D SMA at 5.21 and 50D SMA at 5.31. Resistance to watch above 5.31 stands at 5.35; on the downside, key support below stands at 5.08 (200D SMA).-
- PLNJPY broke above its 29 resistance this morning and currently trades at its highest level since January 2020; next resistance to watch on the topside stands at 29.20 (May 2019 highs), followed by 29.50 (high of the LT upward trending channel). On the downside, first support to watch stands at 28.60, followed by 28.42 (50D SMA).
- CZKPLN: momentum on the pair has been positive in the past month amid the little divergence in monetary policy between CNB and NBP; the next resistance on the topside stands at 0.1791 (March 30 high). On the downside, first support to watch stands at 0.1760 (50D SMA), followed by 0.1747 (100D SMA).
- PLNHUF ticks slightly lower this morning after the positive bounce on Friday; next resistance to watch on the topside stands at 79.20 (50D SMA), followed by 79.39 (100D SMA). On the downside, support to watch stands at 78, followed by 77.60.
- EURPLN ticks higher this morning after testing its 100D SMA; next key support to watch on the pair stands at 4.54, which represents the LT upward trending support line (held several times in the past 6 months), followed by 4.52 (61.8% Fibo retracement of the 4.42 – 4.68). On the topside, first resistance stands at 4.58 (38.2% Fibo), followed by 4.61. (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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