Besides the chaos in Thailand, there was a tragedy for Poland. A plane carrying several important governors including the President, central bank governor and the Army Chief crashed in Russia. All 96 people were killed during the incident. Although a board member assured that the tragedy would not affect zloty, the currency in Poland, we could not ignore any chance for a drop in zloty due to the unstable financial situation and power distribution in Poland government.
In the chart, we could see that the price for PLN just touched the base of ichimoku cloud. We could predict a large resistance due to not only the ichimoku but also the plane accident. Further worsened by the triangle, I predict that the price for PLN would drop as low as 2.7373 which is the 38.2%-fibonacci level line.
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