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USDPLN Testing Its 100DMA Resistance

POLAND
  • USDPLN has been consolidating higher in the past week, currently testing its 100DMA resistance at 4; a break above that level would open the door for a move up to 4.0740 (50DMA). On the downside, support to watch stands at 3.9430.
  • EURPLN ticks higher this morning and is currently trading slightly below its 4.55 resistance; next level to watch on the topside stands at 4.57 (200DMA). On the downside, first support stands at 4.5170, followed by 4.50.

Source: Bloomberg

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