Free Trial

EURCZK Testing its 100DMA Resistance

CZECHIA
  • USDCZK has been retracing higher in the past few days, breaking above the 22.60 level this morning; next resistance to watch on the topside stands at 22.7140. On the downside, first support stands at 22.50.
  • EURCZK ticks higher this morning, currently testing its 100DMA at 25.45; next resistance to watch on the topside stands at 25.604 (200DMA). On the downside, first support stands at 25.40, followed by 25.25.
  • Czech 10Y yield has been retracing lower in the past few days, gradually approaching its 50DMA support (2.434%); next level to watch on the downside stands at 2.40%. On the topside, first resistance stands at 2.53%.

Source: Bloomberg

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.