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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 oscillating within a tight 10-pip range in the past two weeks, slightly below the 24.50 level; resistance to watch above that stands at 24.7060 (50DMA). On the downside, support to watch stands at 24.30.
- USDCZK ticks lower this morning after finding a local high at 22.72 earlier; next resistance to watch on the topside stands at 22.75. On the downside, support to watch stands at 22.50.
- GBPCZK has been consolidating lower in the past week after finding resistance slightly below its 200DMA last week. ST support to watch on the downside stands at 29.29. On the topside; key resistance to watch stands at 29.6950 (200DMA).
- CZKPLN ticks higher this morning after finding support at its 50DMA (0.1888); ST resistance to watch on the topside stands at 0.1910. On the downside, support to watch below 0.1888 stands at 0.1868 (100DMA).
- CZKHUF has been retracing lower in the past ten days amid broad HUF strength; the pair is currently testing its 15.30 support. Next key level to watch on the downside stands at 15.0170 (50DMA). On the topside, key resistance stands at 15.50.
- CZKJPY continues to retrace sharply higher this morning amid strong JPY depreciation; the pair is currently trading at its highest level since October 2008. Next ST resistance to watch on the topside stands at 5.7640. On the downside, support to watch now stands at 5.5430 (50% retracement of the 3.6790 – 7.4070 range). (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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