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Broad USD Strength Drives USDCZK Higher

CZECHIA
  • EURCZK continues to oscillate within a tight range slightly below the 24.50 level; ST key resistance to watch on the topside stands at 24.6960 (50DMA). On the downside, support to watch stands at 24.30.
  • USDCZK has been trending higher this week amid broad USD strength, currently trading at the high of its 3W range; next resistance to watch on the topside stands at 22.75. On the downside, support to watch stands at 22.50, followed by 22.3540.

Source: Bloomberg

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