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CZKPLN Breaks Below 50DMA Support

CZECHIA
  • USDCZK has been retracing higher this week after finding a local low at 21.1270 on Monday; resistance to watch on the topside stands at 21.50. On the downside, next support to watch below 21.1270 stands at 21.
  • EURCZK continues to retrace higher this morning and is currently trading at the high of this week’s range. Resistance to watch on the topside stands at 24.50. On the downside, first support stands at 24.20, followed by 24.09.
  • CZKPLN has been retracing sharply lower this week and broke below its 50DMA this morning (0.1849). Next ST support to watch on the downside stands at 0.1832 (100DMA), followed by 0.1822, which corresponds to the low of its LT upward trending channel. On the topside, resistance to watch above 0.1849 stands at 0.1869. (chart below).

Source: Bloomberg

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