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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 July amid PLN weakness, breaking above its 3.90 resistance this week; next resistance to watch on the topside stands at 3.98 (March 31 high). On the downside, first support stands at 3.87, followed by 3.82.
- EURPLN has been testing its 4.60 resistance this week after retracing sharply higher in July; next level to watch on the topside stands at 4.64. On the downside, first support stands at 4.5750, followed by 4.55 (100DMA).
- GBPPLN ticks higher this morning after finding support at 5.30; ST key resistance to watch on the topside stands at 5.40. On the downside, first support stands at 5.29 (100DMA), followed by 5.26 (50DMA).
- CZKPLN ticks higher this morning and is still trading slightly below its key 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 stands at 0.1780, followed by 0.1771.
- PLNHUF has been retracing lower this week after failing to break above its 100DMA resistance on Monday. Resistance to watch above 78.51 (100DMA) stands at 79; on the downside, first support stands at 77.90 (50DMA), followed by 77.55.
- PLNJPY found support at the 28 level yesterday, which corresponds to the LT upward trending support line (red) after consolidating sharply in July amid dovish NBP. Resistance to watch on the topside stands at 28.35 (200DMA), followed by 28.85 (100DMA). On the downside, first support to watch below 28 stands at 27.59, which corresponds to the 50% retracement of the 25.12 – 30.06. (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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