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USDPLN Finds Support Around 4.6250

POLAND
  • EURPLN has been retracing slightly higher in the past two days after finding support at the 4.7420 level (50% retracement of 4.4830 – 5.0010 range). ST resistance to watch on the topside stands at 4.8030 (38.2% FIbo). On the downside, support to watch below 4.7420 stands at 4.74.
  • USDPLN ticks higher this morning after finding support at around the 4.6250 level in recent days; ST resistance to watch on the topside stands at 4.6980 (76.4% Fibo of Feb 10 – March 7 extension). On the downside, support to watch stands at 4.5950 (61.8% Fibo).

Source: Bloomberg/MNI

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  • EURPLN has been retracing slightly higher in the past two days after finding support at the 4.7420 level (50% retracement of 4.4830 – 5.0010 range). ST resistance to watch on the topside stands at 4.8030 (38.2% FIbo). On the downside, support to watch below 4.7420 stands at 4.74.
  • USDPLN ticks higher this morning after finding support at around the 4.6250 level in recent days; ST resistance to watch on the topside stands at 4.6980 (76.4% Fibo of Feb 10 – March 7 extension). On the downside, support to watch stands at 4.5950 (61.8% Fibo).

Source: Bloomberg/MNI