Trial now
AUSSIE 10-YEAR TECHS

(Z1) Shallow Bounce

USDCAD TECHS

Trend Needle Still Points North

WHITE HOUSE

Biden Losing Support On COVID-19 Strategy: Poll

AUDUSD TECHS

Slide Accelerates

LATAM

Snapshot: USDMXN Set To Post Highest 2021 Close

EURJPY TECHS

Still Looking For Weakness

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • CZKJPY Continues To consolidate lower amid rising uncertainty, pushing preference for safe asset such as the Japanese Yen.
  • The worsening economic outlook has led to a significant depreciation in EM currencies recently (CEEMEA, Latam), with more and more governments imposing new restrictions to limit the downside risk of another wave of infections.
  • CZKJPY broke below its 200DMA last Friday, which has acted as a strong support line in the latest bull market.
  • Next key support to watch on the downside stands at 4.9570, which corresponds to the 38.2% Fibo retracement of the 4.4360 – 5.2790 range.
  • A break below that level would open the door for a move down to 4.8580 (50% retracement).
  • On the topside, resistance to watch stands at 5.0970 (200DMA).

Source: Bloomberg/MNI