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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 between 25.50 and 26 in the past week after breaking above the 25.50 level last Wednesday. Support to watch on the downside stands at 25.37 followed by 25.24 (200DMA). On the topside, next resistance to watch above 26 stands at 26.1150.
- USDCZK ticks lower this morning after finding a local high at 23.9220 yesterday; the pair is currently trading around the 23.50 level. Next support to watch on the topside stands at 23.20. On the topside; key resistance stands at 24.
- GBPCZK ticks lower this morning after finding resistance at 31.50 yesterday; the pair broke below the 31 level this morning, next support to watch on the downside stand at 30.50. On the topside, resistance to watch above 31.50 stands at 31.6320.
- CZKPLN ticks lower this morning after reaching an all-time high of 0.1947 yesterday; ST support to watch on the downside stands at 0.19, followed by 0.1864 (50DMA). On the topside, next resistance to watch stands at 0.1954, which corresponds to the 138.2% Fibo projection of the 0.1716 – 0.1888 range.
- CZKHUF consolidates lower this morning after reaching an all-time high of 15.4650; ST support to watch on the downside stands at 15. On the topside, key ST resistance stands at 15.50.
- CZKJPY ticks higher this morning after finding support slightly below the 4.8330 level, which corresponds to the 61.8% Fibo retracement of the 4.4360 – 5.4750 range. A break below that level would have opened the door for a move down to 4.6810 (76.4% Fibo). On the topside, first resistance to watch stands at 4.9550 (50% retracement), followed by 5. (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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