Free Trial

USDCZK Finds Support At 50DMA

CZECHIA
  • EURCZK has retracing gradually lower in the past week, approaching its 24.30 support; a break below that level would open the door for a move down to 24.17. On the topside, ST key resistance stands at 24.50.
  • USDCZK ticks sharply higher this morning after finding support at its 50DMA (22.42); ST resistance to watch on the topside stands at 23. On the downside, support to watch below 22.42 stands at 22.30.

Source: Bloomberg/MNI

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.