This week the euro joins the US dollar, which is one of the stronger currency pairs of the week. The EUR / PLN has reached the important resistance zone H4 – D1, similarly to the US dollar USD / PLN, which is still fighting to reach the PLN 4.50 area. The franc and pound sterling, on the other hand, are depressing compared to the above currencies. Will they make up for the next week? So let’s check the current technical situation on the rest of the main currencies (EUR EUR, GBP GBP, CHF Franc) in terms of PLN. The strongest currency turns out to be this week: the euro and the dollar In turn, the exchange rate was weak: the pound sterling – again Frank also lags behind pairs
Currency pair
Symbol
Exchange rate
update date
Dollar exchange rate USDPLN 4.5056 PLN 14.05.2021, at 09:00 EUR exchange rate EURPLN 4.6887 PLN 14.05.2021, at 09:00 Exchange rate GBPPLN PLN 5.157 14.05.2021, at 09:00 Franc exchange rate CHFPLN 4.4942 PLN 14/05/2021, 09:00 hours From the article you will learn, among others:
Table of Contents
The pound drops to the lower limit
The pound sterling this week continued its descent to the lower boundary – that is, it continued its downward sequence, despite the fact that many pairs with the Polish zloty managed to take advantage of its weakness. However, following the recent decision of the Bank of England (BoE) and subsequent predictions of the country’s declining GDP, it is no wonder that sterling has gone through a greater decline. Now there will be a fight to keep PLN 5.50. If the support keeps a few, the chance of approaching PLN 5.55 will be high – but the market cannot break this range.
The pound rate. May 14, 2022
The dollar is still fighting for PLN 4.53
The US dollar exchange rate this week did not change its assumption against the Polish zloty. The appreciation of the US currency was recognizable when it generated a strong move towards the PLN 4.50 range, almost testing the zone. There was literally a moment for the full range of PLN 4.50 to be tested. Now, in turn, we see a slight withdrawal of the market, but also no wonder after such a strong exit from the treble. At present, therefore, we can count on maintaining the upward movement and perhaps also a successful test of the PLN 4.50 range in the following days – but earlier the correction may appear in the areas of PLN 4.45 – 4.44.
Dollar exchange rate USDPLN 14/05/2022
The euro exchange rate turns out to accompany the dollar in strength
The euro exchange rate last week aspired to be one of the stronger currencies of this week, and now it has actually used this opportunity and is facing the dollar head to head as the strongest currencies against the Polish zloty. Currently, we see that we are around the H4 – D1 resistance at PLN 4.72 and the following days may be focused on breaking this zone and possibly reaching the PLN 4.76 range.
Euro EURPLN rate on May 14, 2022
The CHF / PLN exchange rate moves back to the average
The Swiss franc, meanwhile, has recently fallen into consolidation and is still in it, looking at the H4 – D1 interval. At this point, we can see how the decline to the PLN 4.48 range has skinned a rebound to PLN 4.52 in recent days. It seems that next week there is a chance for approaches to the area of PLN 4.56. Only the moment when the market breaks the PLN 4.48 range will be a negation of any approaches, which is not indicated at the moment.
Franc exchange rate. May 14, 2022
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