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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 higher this morning after failing to break through its ST support at 3.80; next levels to watch on the downside stand at 3.77 (100D and 200D SMA) and 3.74 (50D SMA). Resistance to watch on the topside stands 3.8450, followed by 3.90.
- EURPLN received strong support at its 200D SMA at 4.5260 and is currently testing its 100D SMA at 4.54; next resistance to watch on the topside stands at 4.5640. On the downside, support to watch below 4.5240 stands at 4.50.
- GBPPLN has been consolidating lower after finding a high of 5.34 on Friday and is currently trading slightly below the 5.30 level; ST supports to watch stand at 5.26, followed by 5.2450. On the topside, first resistance above 5.34 stands at 5.40.
- CZKPLN has been consolidate lower in the past few days after nearly testing its ST resistance at 0.1791; a break above that level would have open the door for a move up to 0.1834 (pair's all time high reached in December 2011). On the downside, first support stands at 0.1767 (50D SMA), followed by 0.1759 (100D SMA).
- PLNHUF has been moving sideways in recent days, oscillating around the 78 level; first resistance to watch stands at 78.31 (50D SMA). On the downside, first support stands at 77.40.
- PLNJPY received strong support at its 100D SMA yesterday (28.75); next level to watch on the topside stands 29.22 (50D SMA). On the downside, supports to watch below 28.75 stand at 28.38, followed by 28.22 (200D SMA). Key resistance remains at 30, which represents the 61.8% of the 25.11 – 33.08 range (2018/2021 high low range).
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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