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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 receiving support at its 100DMA (3.80) in the past few days following its significant consolidation in the past two weeks; a break below that level would open the door for a move down to 3.78 (200DMA). On the topside, first resistance stands at 3.84, followed by 3.86 (50DMA).
- EURPLN has been retracing higher in the past few days after failing to break below its 4.50 support on Wednesday; resistance to watch on the topside stands at 4.54 (200DMA/100DMA). On the downside, first support to watch below 4.50 stands at 4.45.
- GBPPLN ticks lower this morning after reaching a local high at 5.26 earlier; key support to watch on the downside remains at 5.22 (200DMA). On the topside, first resistance stands at 5.29 (100DMA), followed by 5.33 (50DMA).
- CZKPLN continues to receive support at its 100DMA (0.1776) after consolidating sharply in the past month. Next support to watch below that stands at 0.1770, which represents the 23.6% Fibo retracement of the 0.1634 – 0.1812 range. On the topside, first resistance stands at 0.1785 (50DMA), followed by 0.18.
- PLNHUF has been trading within a tight 20-pip range in the past few days, oscillating between 77 and 77.40. First resistance to watch on the topside stands at 77.66 (50DMA); on the downside, first support to watch below 77 stands at 76.
- PLNJPY has been testing its 29 resistance in the past few days following the strong move earlier this week; a break above that level would open the door for a move up to 29.18, which represents the 23.6% Fibo retracement of the 26.42 – 30.09 range. On the downside, first support to watch stands at 28.89 (100DMA), followed by 29.62 (38.2% Fibo).
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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