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USDPLN Retraces Higher As Inflationary Pressures Keep Rising

POLAND
  • EURPLN continues to trade between its 100DMA (4.6340) and its 50DMA (4.6840); ST resistance to watch above 4.6840 stands at 4.70. On the downside, key support stands at 4.6170 (200DMA).
  • USDPLN has been retracing higher in the past few days after finding support slightly above the 4.40 level last week; ST resistance to watch on the topside stands at 4.5280. On the downside, support to watch below 4.40 stands at 4.3330 (50DMA).

Source: Bloomberg/MNI
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  • EURPLN continues to trade between its 100DMA (4.6340) and its 50DMA (4.6840); ST resistance to watch above 4.6840 stands at 4.70. On the downside, key support stands at 4.6170 (200DMA).
  • USDPLN has been retracing higher in the past few days after finding support slightly above the 4.40 level last week; ST resistance to watch on the topside stands at 4.5280. On the downside, support to watch below 4.40 stands at 4.3330 (50DMA).

Source: Bloomberg/MNI