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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 in the past few days, currently trading slightly below its 3.90 resistance; a break above that level would open the door for a move up 3.98 (March 31 high). On the downside, first support stands at 3.85, followed by 3.82.
- EURPLN ticks higher this morning, gradually approaching its 4.60 resistance; a break above that level would open the door for a move up to 4.65. On the downside, first support stands at 4.56, followed by 4.55 (100DMA).
- GBPPLN has been trending higher this week, gradually approaching its 5.40 resistance; a break above that level would open the door for a move up to 5.45. On the downside, first support stands at 5.29 (100DMA), followed by 5.26 (50DMA).
- PLNHUF has been trending higher in the past week and is gradually approaching its ST resistance at 79; a break above that level would open the door for a move up to 79.14 (200DMA). On the downside, first support stands at 78.48 (100DMA), followed by 78.
- CZKPLN ticks higher this morning after finding support at 0.1780 last week; key resistance to watch on the topside stands at 0.18. On the downside, first support to watch below 0.1780 stands at 0.1771 (50DMA), followed by 0.1768 (100DMA).
- PLNJPY ticks lower this morning and is currently testing its 200DMA at 28.37; next support to watch on the downside stands at 28.16, which corresponds to the 38.2% Fibo retracement of the 25.11 – 33.08 range. On the topside, first resistance to watch stands at 28.50, followed by 28.85 (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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