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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 consolidating higher in the past few days and is currently testing its 3.70 resistance; a break above that level would open the door for a move up to 3.77. On the downside, first support stands at 3.62.
- EURPLN has been trending higher after failing to break below its 4.45 support yesterday; supports to watch on the downside stand at 4.42, followed by 4.37. On the topside, first resistance stands at 4.50, followed by 4.52 (200D SMA).
- GBPPLN has been retracing higher in the past few days after finding a local low at 5.16 on Tuesday; first resistance to watch on the topside stands at 5.24 (100D SMA), followed by 5.27. On the downside, key support remains at 5.11 (200D SMA).
- CZKPLN ticks higher this morning to trade slightly above its 100D SMA (0.1755); next ST resistance to watch on the topside stands at 0.1765 (50D SMA). On the downside, first support stands at 0.1740.
- PLNHUF consolidates lower this morning after failing to break above 78; ST resistance on the topside stands at 78.49 (50D SMA), followed by 79.02 (100D SMA). On the downside, supports to watch are 77.40 and 77.
- PLNJPY consolidates lower this morning after failing to break above its key resistance at 30, which represents the 61.8% Fibo retracement of the 25.11 – 33.10 range (2018/2021 high low); next resistance to watch above that level stands at 30.40 (November 2018 high). On the downside, first support stands at 29.10 (50% retracement), followed by 28.95 (50D SMA).
RSI 14D fell back below the 70 threshold after indicating that the pair was moderately 'overbought' in the past week.
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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