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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.
CZECHIA
- EURCZK has been retracing higher this week, currently trading slightly above the 24.50 level; next resistance to watch above that stands at 24.6870 (50DMA). On the downside, support to watch stands at 24.27.
- USDCZK continues to trend higher this week amid global risk off environment, breaking above the 22.50 level. Next resistance to watch on the topside stands at 22.75. On the downside, support to watch stands at 22.1580 (50DMA).
- GBPCZK continues its bull retracement this morning and tested its 50DMA earlier; a break above that level would open the door for a move up to 29.5720 (100DMA). On the downside, support to watch stands at 29.1340.
- CZKPLN ticks lower this morning, currently trading slightly below the 0.19 level. ST support to watch on the downside stands at 0.1884 (50DMA). On the topside, resistance to watch stands at 0.1912.
- CZKHUF has trending sharply higher this week, breaking above the 15.50 resistance to reach a new all-time high. Next resistance to watch on the topside stands at 15.70 (123.6% Fibo projection of 14.47 – 15.4650 range). On the downside, support to watch stands at 15.40.
- CZKJPY has been consolidating lower since the start of the month, currently trading slightly below the 5.50 level. Next ST support to watch on the downside stands at 5.4230, which corresponds to the 23.6% Fibo retracement of the 4.8120 – 5.6110 range. On the topside, ST resistance to watch stands at 5.5480.
Source: Bloomberg/MNI
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.
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