Free Trial

USDPLN Continues Its Bullish Momentum

POLAND
  • EURPLN ticks higher this morning, currently trading around the 4.70 level. Resistance to watch on the topside stands at 4.7230, followed by 4.7440. On the downside, support to watch stands at 4.6640 (100DMA), followed by 4.63 (200DMA).
  • USDPLN has been trending higher in the past week after finding support slightly above the 4.40 level last week. First resistance to watch on the topside stands at 4.5380, followed by 4.5440. On the downside, support to watch stands at 4.4530, which corresponds to the 23.6% Fibo retracement of the 3.9130 – 4.62 range.

Source: Bloomberg

To read the full story

Close

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.