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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: momentum on the pair has paused in recent days following the sharp consolidation in the end of July; USDPLN has been oscillating around 3.84 in the past week. Key support to watch on the downside stands at 3.80 (50DMA, 100DMA); on the topside, first resistance to watch stands at 3.90.
- EURPLN ticks higher this morning and is currently trading slightly below the 4.55 level; ST key resistance to watch on the topside stands at 4.60. On the downside, first support stands at 4.53 (200DMA), followed by 4.50.
- GBPPLN has been trending higher in the past few days, gradually approaching its ST key resistance at 5.40; a break above that level would open the door for a move up to 5.50. On the downside, first support stands at 5.32, followed by 5.29 (50DMA, 100DMA).
- CZKPLN ticks higher this morning and is currently trading slightly below its key resistance at 0.18; next level to watch on the topside stands at 0.1834, which corresponds to the pair's all-time high reached in December 2011. On the downside, firs support stands at 0.1780, followed by 0.1775.
- PLNHUF has been consolidating lower in the past week, currently testing its 77.50 support; next level to watch on the downside stands at 77. On the topside, first resistance stands at 78 (50DMA).
- PLNJPY has been trending higher in the past few days after finding support at its 200DMA (28.44) earlier this week; the pair is currently testing tis 28.57 resistance, which corresponds to the 38.2% Fibo retracement of the 26.23 – 30.01 range. Next resistance to watch on the topside stands at 28.87 (100DMA). On the downside, first support to watch below 28.44 stands at 28.12 (50% Fibo). (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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