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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 after failing to break through its 100D SMA (3.77) in the past week; on the topside, ST resistance stands at 3.83 (50D SMA), followed by 3.90. On the downside, next support to watch after 3.77 stands at 3.70.
- GBPPLN has been also trending higher in the past two days, gradually approaching its ST resistance at 5.31.; a break above that level would open the door for a move up to 5.35; on the downside, key support to watch below 5.20 (100D SMA) stands at 5.07 (200D SMA).
- CZKPLN ticks higher this morning after receiving support slightly above its 50D SMA yesterday; key resistance to watch on the topside stands at 0.1791 (May 30 high). On the downside, key level to watch after 0.1757 (50D SMA) stands at 0.1745 (100D SMA).
- PLNHUF has been retracing lower this morning after failing to break through its 50D SMA yesterday; supports to watch on the downside stand at 78.48, followed by 78. On the topside, resistances to watch above 79.29 (50D SMA) stand at 79.44 (100D SMA), followed by 79.69 (200D SMA).
- PLNJPY (chart below) rejected its 29 resistance yesterday (one more time), which represents the 2020-2021 high and the 50% retracement of the 2018-2021 range. Next resistances to watch on the topside stand at 29.50 (high of the LT upward trending channel), followed by 30 (61.8% Fibo). On the downside, levels to watch remains at 28.39 (50D SMA), followed by 28.23 (100D SMA).
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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