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CZKJPY Testing Its 100DMA Resistance

CZECHIA
  • EURCZK continues to retrace lower this morning, breaking below its 100DMA at 24.9880; next support to watch on the downside stands at 24.6440 (50DMA). On the topside, resistance to watch above its 100DMA stands at 25.2360 (200DMA).
  • USDCZK ticks lower this morning, currently trading above its 22.66 support; next level to watch on the downside stands at 22.50. On the topside, resistance to watch stands at 23, followed by 23.08.
  • GBPCZK continues to consolidate lower this morning, breaking below its 200DMA at 29.75; next support to watch on the downside stands at 29.48 (50DMA). On the topside, resistance to watch above 29.75 stands at 30.
  • CZKPLN ticks lower this morning, currently trading at around the 0.19 level; support to watch on the downside stands at 0.1892. On the topside, resistance stands at 0.1919.
  • CZKHUF ticks lower this morning after finding a local high at 15.25; ST support to watch on the downside stands at 15. On the topside, next resistance to watch stands at 15.33.
  • CZKJPY has been retracing sharply higher in the past week, currently testing its 100DMA at 5.1940; a break above that level would open the door for a move up to 5.2680 (50DMA). On the downside, first support to watch stands at 5.1560 (200DMA), followed by 5.10. (chart below).

Source: Bloomberg

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