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Zloty Strength Results In Breaches Of Technical Levels

PLN

A fresh round of sales took EUR/PLN to new multi-month lows (PLN4.5757) in a foray below support from Jun 9, 2022 low of PLN4.5781. Polish headline flow was rather quiet at the time, with no fresh data coming out. The rate last sits -155 pips at PLN4.5811 and ears look for a resumption of losses as they seek a move through Jun 8, 2022/May 30, 2022 lows of PLN4.5631/4.5599.

  • PLN/CZK ripped through the aforementioned resistance from the 200-DMA/Mar 15 high at CZK5.1229/5.1319, which opens up scope for a continued bullish run. The pair deals +189 pips at CZK5.1351 as topside focus shifts to Dec 23, 2022 high of CZK5.2268.

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