Polish zloty has recently been a very popular asset to invest.
Probably is has been so because of high Interest Rates and weakness of USD overall
Now, however, like EUR, it is coming to a significant technical support at 3.5597, where we have FR 61.8 of the multiyear uptrend move (starting in April 2011 - Yes) confirmed with FR 161.8 of the latest significant correction. This level has been respected by the market many time before.
I have no idea what US administration is going to invent yet and ho it will impact the markets. Yet, if technicals count, this is the level to watch.
Just my humble opinion.
Probably is has been so because of high Interest Rates and weakness of USD overall
Now, however, like EUR, it is coming to a significant technical support at 3.5597, where we have FR 61.8 of the multiyear uptrend move (starting in April 2011 - Yes) confirmed with FR 161.8 of the latest significant correction. This level has been respected by the market many time before.
I have no idea what US administration is going to invent yet and ho it will impact the markets. Yet, if technicals count, this is the level to watch.
Just my humble opinion.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.