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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 retracing higher since yesterday and is gradually approaching its 3.90 resistance; a break above that level would open the door for a move up to 3.92. On the downside, first support to watch stands at 3.83, followed by 3.79 (100DMA).
- EURPLN has been trending higher in the past two days after getting strong support slightly above its 200DMA at 4.53. The pair is currently testing is 4.59 resistance, next level to watch on the topside stands at 4.61. On the downside, first support to watch below 4.53 stands at 4.50.
- GBPPLN has been retracing higher in the past two days, gradually approaching its 5.40 resistance; a break above that level would open the door for a move up to 5.43. On the downside, first support stands at 5.29 (100DMA), followed by 5.26 (50DMA).
- PLNJPY has been testing its 200DMA support (28.35) in the past two days after consolidating sharply in July; a break below that level would open the door for a move down to 28. On the topside, first resistance stands at 28.86, followed by 29.
- PLNHUF ticks higher this morning after finding a local low at 78.17 earlier; resistance to watch on the topside stands at 78.57 (100DMA), followed by 79. On the downside, first support stands at 77.91 (50DMA), followed by 77.54.
- CZKPLN continues to trend higher this morning, breaking above the 0.1791 level (March 30 high) and gradually approaching its next resistance at 0.18; a break above that level would open the door for a move up to 0.1834, which represents the pair's all time high reached in December 2011. On the downside, first support to watch stands at 0.1771 (50DMA), followed by 0.1765 (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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