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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
- EURCKZ has been trending lower in the past few days, currently trading below the 24.50 level. ST support to watch on the downside stands at 24.27, followed by 24.09. On the topside, resistance to watch above 24.50 stands at 24.69 (50DMA).
- USDCZK has been consolidating lower in the past two days after finding a local high at 22.6060 on Friday; ST support to watch on the downside stands at 22.1830 (50DMA). On the topside, resistance to watch stands at 22.75.
- GBPCZK ticks continues to retrace lower this morning after finding resistance at its 50DMA last week. ST support to watch on the downside stands at 29. On the topside, resistance to watch above 29.4940 (50DMA) stands at 29.55 (100DMA).
- CZKPLN ticks higher this morning, currently testing the 0.19 resistance; a break above that level would open the door for a move up to 0.1912. On the downside, support to watch stands at 0.1885 (50DMA).
- CZKHUF ticks higher this morning, currently slightly below the 15.50 level; key resistance to watch on the topside stands at 15.59 (the pair’s all-time high). On the downside, support to watch stands at 15.34.
- CZKJPY has retraced sharply higher in the past two days amid JPY weakness, currently testing key resistance at 5.60. Next resistance to watch on the topside stands at 5.7640 (October 2008 highs). On the downside, support to watch stands at 5.50. (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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