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CZKPLN Testing 0.18 Support

EM FX
  • CZKPLN has been consolidating lower in the past two weeks, broke below its 100DMA this week and currently testing its 0.18 support.
  • The pair is also trading at the low of its LT upward trending channel.
  • Next support to watch on the downside stands at 0.1789, which corresponds to the 38.2% Fibo retracement of the 0.1679 - 0.1857 range, followed by 0.1786 (200DMA).
  • On the topside, first resistance to watch above 0.1805 (100DMA) stands at 0.1815 (23.6% Fibo).

Source: Bloomberg/MNI

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