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EURCZK Finds Support Below 24.30 Level

CZECHIA
  • USDCZK ticks higher this morning after finding a local low at 24.0760 yesterday; ST resistance to watch on the topside stands at 24.50. On the downside, support to watch below 24.0760 stands at 24.
  • EURCZK has been retracing sharply lower this week after breaking below the 24.50 support on Tuesday; the pair found a local slightly below 24.30 before edging higher. RSI 14D showing that the pair is currently 'oversold'. Key support to watch on the downside stands at 24.09. On the topside, resistance to watch now stands at 24.50.

Source: Bloomberg/MNI

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