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USDPLN Approaching 50DMA Support

POLAND
  • USDPLN has been retracing lower this week after finding a local high at 4.1220; the pair is currently trading slightly above its 50DMA at 4.0630. Next level to watch on the downside stands at 4.0240 (100DMA). On the topside, resistance to watch above 4.1220 stands at 4.1530.
  • EURPLN has been retracing lower in the past two days after finding resistance at its 100DMA (4.6020) yesterday. Support to watch on the downside stands at 4.57, followed by 4.55. On the topside, next resistance to watch above 4.6020 stands at 4.63.

Source: Bloomberg/MNI

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