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USDPLN Is Now Moderately 'Oversold'

POLAND
  • USDPLN continues to consolidate sharply after breaking below its 100DMA support yesterday; next key support to watch on the downside stands at 3.8980 (200DMA). On the topside, first resistance stands at 3.9970 (100DMA), followed by 4.0350. RSI 14D Indicator is now showing that the pair is 'oversold'.
  • EURPLN ticks higher this morning after finding a local low at 4.5190 yesterday; support to watch on the downside stands at 4.50. On the topside, first resistance stands at 4.55, followed by 4.57 (200DMA).

Source: Bloomberg/MNI

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