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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 gradually higher in the past two days, currently trading slightly above its 50DMA (24.68). Next resistance to watch on the topside stands at 24.92 (100DMA). On the downside, support to watch stands at 24.50, followed by 24.27.
- USDCZK ticks higher this morning, currently trading slightly below its 22.50 resistance; a break above that level would open the door for a move up to 22.6950. On the downside, support to watch stands at 22.23, followed by 22.11 (100DMA).
- GBPCZK has been testing its 200DMA resistance this week; next level to watch on the topside stands at 30. On the downside, first support to watch stands at 29.52 (50DMA), followed by 29.13.
- CZKPLN ticks higher this morning as geopolitical uncertainty continues to weigh on PLN; key resistance to watch on the topside stands at 0.1947, which corresponds to the pair’s all-time high. On the downside, support to watch stands at 0.19, followed by 0.1888.
- CZKHUF has been trending higher in the past two days after finding support at 15 this week; resistance to watch on the topside stands at 15.25. On the downside, support to watch below 15 stands at 14.90.
- CZKJPY continues to trend higher in today’s trading session, currently trading slightly above the 5.40 level. Next resistance to watch on the topside stands at 5.4750, which was the high reached before the February/early March selloff. On the downside, support to watch stands at 5.3260, followed by 5.30. (chart below).
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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