Free Trial

EURCZK Continues To Test 100DMA Support

CZECHIA
  • USDCZK has been consolidating sharply lower in the past week, breaking below the 23.50 level and gradually approaching its ST support at 23.1160. Next level to watch on the downside stands at 23. On the topside, resistance to watch above 23.50 stands at 23.59.
  • EURCZK has been testing its 100DMA support in the past few days as the announcement of FX intervention brought back confidence on CZK. St support to watch on the downside stands at 24.50. On the topside, resistance to watch stands at 25.

Source: Bloomberg/MNI

To read the full story

Close

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.