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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 trending higher this week, breaking above its 3.85 resistance yesterday; next level to watch on the topside stands at to 3.90. On the downside, first support stands at 3.79 (100DMA), followed by 3.75 (50DMA).
- EURPLN has been trending higher in the past week, breaking above its 4.55 resistance yesterday and gradually approaching its next resistance at 4.59 (a break above that level would open the door for a move up to 4.61). On the downside, first support stands at 4.5460 (100DMA), followed by 4.5280 (200DMA).
- CZKPLN ticks lower this morning after testing its ST resistance at 0.1790 earlier; a break above would have opened the door for a move up to 0.18. On the downside, first support stands at 0.1770 (50DMA), followed by 0.1764 (100DMA).
- PLNHUF ticks higher this morning after failing to break its 50DMA several times this week. Resistance to watch on the topside stands at 78.60 (100DMA); on the downside, support to watch below 77.92 (50DMA) stands at 77.54.
- GBPPLN has been retracing sharply higher this week amid PLN weakness, breaking above its 5.34 resistance and currently testing the 5.40 level; next resistance to watch on the topside stands at 5.49. On the downside, first support to watch below 5.34 stands at 5.28 (100DMA), followed by 5.25 (50DMA). RSI 14D is currently showing that the pair is slightly 'overbought'.
- PLNJPY has been consolidating lower this week and is currently testing its 200DMA at 28.34; a break below that level would open the door for a move down to 28.19, which represents the 38.2% Fibo retracement of the 25.12 – 30.09 range. On the topside, ST resistance to watch stands at 28.86 (100DMA). (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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