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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
- EURCZK has been retracing lower this week, currently trading slightly below the 24.50; next support to watch on the downside stands at 24.30. On the topside, first resistance stands at 24.6390 (10DMA).
- USDCZK ticks lower this morning after finding resistance slightly below the 23.50 level earlier; ST support to watch on the downside stands at 23.1160, followed by 23. On the topside, resistance to watch above 23.50 stands at 23.5660.
- GBPCZK has bene retracing sharply lower in the past few days, mostly driven by the ‘bearish’ BoE news on the UK economic outlook. Support to watch on the downside stands at 28.50. On the topside, first resistance stands at 29.
- CZKJPY broke above the 5.60 level this morning following CNB ‘hawkish’ hike yesterday; ST resistance to watch on the topside stands at 5.6420. On the downside, support to watch below 5.60 stands at 5.5630.
- CZKHUF broke back above the 15.50 level amid CZK strength; key resistance to watch stands at 15.59, which represents the pair’s all time high. On the downside, support to watch stands at 15.21 (50DMA).
- CZKPLN has been trending higher following CNB-NBP policy divergence yesterday; the pair broke above the 0.1910 level and is approaching its next resistance at 0.1921. Key ST resistance stands at 0.1930. On the downside, ST support to watch stands at 0.1901 (50DMA), followed by 0.1888. (see chart).
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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