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USDPLN Remains in Its 4.40 - 4.50  Range

POLAND
  • EURPLN ticks lower this morning after finding resistance slightly above 4.70 yesterday; ST resistance to watch on the topside stands at 4.7280. On the downside, support to watch stands at 4.63 (100DMA).
  • USDPLN has been oscillating between 4.40 and 4.50 in the past two weeks after retracing sharply higher in April amid renewed geopolitical tensions. A break above 4.50 would open the door for a move up to 4.5280. On the downside, support to watch below 4.40 stands at 4.3070 (50DMA).

Source: Bloomberg/MNI

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