USDPLN pair made significant progress during yesterday’s session. As it can be seen in the daily chart below, the rate closed above the key area of resistance within 3,70 PLN.

The area has stopped buyers several times since September 2017, and previously served as support. In order to recognize the significance of yesterday’s breakout also at higher intervals, one should wait and see how the current week will close, but also the entire month of May. Maintaining quotations over the new support area close to 3.70 opens the way first to 3.82 and then to around 3.95. Additionally, near the area located higher, there is a gap from the end of April 2017, which has not been closed yet.

Leave us a comment!

Ransquawk