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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 ticked slightly higher this morning after failing to break firmly below its 3.78 support, which corresponds to 61.8% Fibo retracement of the 3.65- 3.98 range and its 200D SMA. Levels to watch (after 3.78) on the downside stand at 3.76 (100D SMA), followed by 3.68. On the topside, ST resistance stands at 3.82 (50D SMA).
- GBPPLN ticked lower after failing to break through its 50D SMA resistance at 5.29; next resistance to watch on the topside stands at 5.35. On the downside, supports to watch stand at 5.20, followed by 5.16 (100D SMA).
- CZKPLN has been trending slightly higher this week after failing to break below its 50D SMA at 0.1752. Levels to watch on the topside are 0.1771, followed by 0.1791; on the downside, key support to watch after 50D SMA stands at 0.1737 (100D SMA).
- PLNHUF has been testing its 100D SMA at 79.53 in the past few days, next level to watch on the topside stands at 79.67 (200D SMA). On the downside, first support to watch stands at 79, followed by 78.50.
- PLNJPY has been trending slightly lower in recent days, gradually approaching its 28.50 support; a break below that level would open the door for a move down to 28.33 (50D SMA). On the topside, first resistance stands at 28.76, followed by 29.0.
- PLNJPY LT Chart: the chart below shows that the pair has consolidated lower in the past 10 days following the sharp 5% appreciation between March 30 low and April 12 high. The key resistance on the topside stands at 29, which is the high of 2020/2021. On the downside, key supports stand at 27.99 (200D SMA), followed by 27.75 (LT upward trending support line, red line).
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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