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USDPLN Breaks Above 50DMA Resistance

POLAND
  • USDPLN has been retracing sharply higher in the past few days after finding support at its 200DMA on Thursday; the pair is currently trading above its 50DMA at 4.0390. Next resistance to watch on the topside stands at 4.0840. On the downside, first support to watch stands at 4, followed by 3.9230 (200DMA).
  • EURPLN has also been retracing higher in recent days, with the pair gradually approaching its key ST resistance at 4.5970 (100DMA). On the downside, first support now stands at 4.5690 (200DMA), followed by 4.55.

Source: Bloomberg/MNI

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