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CZK: Probing Water Below CZK5.00 Mark

PLN

PLN/CZK has come under pressure as the Zloty underperforms its CEE peers ahead of the NBP rate decision. The rate briefly showed below the CZK5.00 figure and printed an intraday low at CZK4.9996 before ticking away from there. It last sits at CZK5.0002, down 186 pips on the session.

  • Bears look for further losses past the 76.4% retracement of the Feb 15 - Mar 15 upleg at CZK4.9928 before setting their sights on the all-time low of CZK4.9498. Conversely, bulls take aim at Mar 28 high of CZK5.0826, followed by Mar 15 high of CZK5.1319.

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