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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
- USDCZK ticks lower this morning, currently trading slightly above the 21.50 level; next support to watch on the downside stands at 21.2850. On the topside, ST resistance to watch stands at 21.70 (200DMA).
- EURCZK ticks lower this morning, trading back below the 24.50 level; next support to watch on the downside stands at 24.30. On the topside, first resistance stands at 24.62, followed by 24.70 (50DMA).
- GBPCZK has been retracing lower this morning after finding resistance at 29.43 in the past two days; ST support to watch on the downside stands at 29. On the topside, next resistance to watch above 29.43 stands at 29.50.
- CZKPLN has been consolidating lower in the past two days, falling below the 0.1850 level this morning; next ST support to watch on the downside stands at 0.1833 (100DMA). On the topside, resistance to watch above 0.1850 stands at 0.1873.
- CZKHUF ticks lower this morning after finding resistance slightly below the 50DMA in recent days; ST support to watch on the downside stands at 14.50. On the topside, resistance to watch stands at 14.6230 (50DMA).
- CZKJPY has been trending higher since yesterday after finding support slightly below the 5.30 level. The 5.30 level is a pivot point on the pair (upward trending support line); a break below that level would open the door for a move down to 5.2810 (38.2% Fibo retracement of the 4.9670 -5.4750). On the topside, resistance to watch stands at 5.40. (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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