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Momentum on CZKHUF Remains Firm Following CNB Decision

CEE FX
  • CZKHUF reached a new all-time high of 14.71 earlier following the CNB aggressive 100bps hike.
  • Momentum could continue in the near term as CZK remains the less risky currency in the CEE region, while political uncertainty keeps weighing on HUF, PLN.
  • Next resistance to watch stands at 14.95, which corresponds to the 138.2% Fibo projection of the 12.43 – 14.25 range.

Source: Bloomberg

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