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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 tested its 3.98 resistance earlier after retracing sharply higher yesterday; next level to watch on the topside stands at 4. On the downside, first support stands at 3.95, followed by 3.9110 (50DMA).
- EURPLN has been trending higher in the past week, gradually approaching its ST resistance at 4.6230; a break above that level would open the door for a move up to 4.65. On the downside, first support stands at 4.60, followed by 4.5760 (50DMA).
- PLNJPY ticks higher this morning after finding support at 28.59 (100D and 200DMA); a break below that level would have opened the door for a move down to 28.42 (50DMA). On the topside, first resistance stands at 28.87, followed by 29.
- PLNHUF has been trending higher this month, gradually testing new highs; next resistance to watch on the topside stands at 79.81. On the downside, first support stands at 79, followed by 78.67.
- CZKPLN has been retracing slightly higher in the past two days after finding support at its 100DMA at 0.1790; next level to watch on the downside stands at 0.1780. On the topside, first resistance stands at 0.18, followed by 0.1807.
- GBPPLN continues to retrace higher this morning, currently trading at its highest level since March 2021 and gradually approaching its 5.50 resistance (61.8% Fibo retracement of the 4.58 – 6.09 range). A break above that level would bring us to June 2016 highs (Brexit event). On the downside, first support stands at 5.43, followed by 5.40. (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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