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USDPLN Continues To Retrace Higher

POLAND
  • EURPLN ticks lower this morning after finding resistance at 4.7410 earlier. ST support to watch on the downside stands at 4.70 (50DMA). On the topside, resistance to watch above 4.7410 stands at 4.7510.
  • USDPLN has been retracing higher in the past two days after finding support at the 4.5860 level, which corresponds to the 61.8% Fibo retracement of the 4.1490 – 4.8560 range. Next ST support to watch on the downside stands at 4.5250 (50DMA). On the topside, resistance to watch stands at 4.69 (76.4% Fibo).

Source: Bloomberg/MNI

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