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CZKPLN Testing 50DMA Support

CZECHIA
  • USDCZK has been retracing higher in the past week, finding resistance slightly below its 200DMA earlier (21.71); a break above that level would have opened the door for a move up to 21.78. On the downside, support to watch stands at 21.50, followed by 21.33.
  • EURCZK ticks higher this morning and found support at 24.50 earlier; next level to watch on the topside stands at 24.59 (50DMA). On the downside, support to watch stands at 24.27.
  • GBPCZK ticks lower this morning after finding resistance at 29.50 earlier; ST support to watch on the downside stands at 29.08. On the topside, resistance to watch above 29.50 stands at 29.65 (100DMA).
  • CZKJPY ticks higher this morning after finding support at its 50DMA at 5.2940. Next level to watch on the downside stands at 5.2060 (100DMA). On the topside, resistance to watch stands at 5.40.
  • CZKHUF has been consolidating lower this week after finding resistance at 14.72 yesterday; ST support to watch on the downside stands at 14.50, followed by 14.4650 (100DMA). On the topside, next resistance to watch above 14.72 stands at 14.7650.
  • CZKPLN has been consolidating lower in recent days, currently testing its 50DMA at 0.1855; next support to watch on the downside stands at 0.1835 (100DMA). On the topside, first resistance to watch stands at 0.1873, followed by 0.1888, which corresponds to the pair’s all time high. (see chart).

Source: Bloomberg/MNI

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