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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 this morning after finding support at the 3.85 level earlier; ST resistance to watch on the topside stands at 3.87 (50DMA), followed by 3.90. On the downside, ST key support to watch stands at 3.80 (100DMA).
- EURPLN has been trending higher in the past week, gradually approaching its ST resistance at 4.56 (50DMA). Next resistance to watch on the topside stands at 4.60. On the downside, first support stands at 4.54 (100D/200DMA), followed by 4.50.
- GBPPLN ticks higher this morning, currently trading above its 50DMA at 5.34; next resistance to watch on the topside stands at 5.40. On the downside, first support stands at 5.29 (100DMA), followed by 5.23 (200DMA).
- CZKPLN ticks higher this morning, currently trading slightly below its 0.18 key resistance; a break above that level would open the door for a move up to 0.1812. On the downside, first support stands at 0.1788 (50DMA), followed by 0.1779 (100DMA).
- PLNHUF has been trending lower in the past week amid PLN weakness, breaking below the 77 level this week; next support to watch on the downside stands at 76.65, followed by 76. On the topside, resistance to watch stands at 77.53 (50DMA).
- PLNJPY has been testing its 200DMA support at 28.55 in the past few days following the sharp consolidation last week; support to watch below that stands at 28.19, which corresponds to the 38.2% Fibo retracement of the 25.11 – 30.09 range. On the topside, first resistance stands at 28.89 (100DMA), followed by 30. (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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