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USDPLN Keeps Reaching New Highs Amid Broad USD Strength

POLAND
  • EURPLN has been trending higher this month, gradually approaching its next ST resistance at 4.8790, the 23.6% Fibo retracement of the 4.4830 – 5.0020 range. On the downside, support to watch stands at 4.8030 (38.2% Fibo).
  • Broad USD strength has been support USDPLN this week, with the pair breaking above the 4.80 level. Next key resistance to watch on the topside stands at 4.9440, which corresponds to the 100% extension of the February 10 – March 10 range. On the downside, support to watch stands at 4.80.

Source: Bloomberg

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