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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.
POLAND
- Easing geopolitical tensions has led to a broad USD weakness in recent days and a strong rally in CEE currencies, particularly PLN.
- USDPLN has been retracing sharply lower in the past two days after reaching a local high at 4.0550 on Monday; the pair is currently approaching its key support at 3.9250, which corresponds to the pair’s 200DMA.
- Further PLN strength in the ST could push the pair below that level; next ST support to watch on the downside stands at 3.90.
- On the topside, first resistance to watch stands at 3.9940 (38.2% Fibo retracement of 3.64 – 4.2130 range).
Source: Bloomberg
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.
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