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USDPLN Approaching Its 50DMA Support

POLAND
  • EURPLN ticks higher this morning and continues to trade between its 100DMA and 50DMA. Resistance on the topside remains at 4.6710. On the downside, support to watch below 4.6230 (100DMA) stands at 4.6080 (200DMA).
  • USDPLN has been retracing lower in the past two days, gradually approaching its 50DMA at 4.2310; a break below that level would open the door for a move down to 4.20. On the topside, resistance to watch stands at 4.3240.

Source: Bloomberg/MNI

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