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CZK: Koruna Treads Water

CZK

EUR/CZK price action is supported by the ascending 50-DMA. The rate last trades flat at 25.184 and bears look for a breach of that moving average. Local headline flow has been light, offering little in the way of significant catalysts. A move through the 50-DMA at 25.157 and the 100-DMA at 25.072 would open up the psychologically significant 25.0 figure. On the flip side, bulls look for a rebound towards Aug 1 cycle high of 25.535.

  • CZGB curve has flattened early doors. The PX Index has added 0.4% today, printing its best levels since Aug 2.

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