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'Oversold' CEE Currencies Consolidate

CEE FX
  • The CEE currencies, which have experienced strong selling pressures recently, have been consolidating higher since yesterday.
  • USDCZK is gradually approaching its ST support at 22.25 after reaching a local high at 22.41 yesterday; next level to watch on the downside stands at 22.
  • USDPLN is currently trading slightly above 4.11; next support to watch stands at 4.10.
  • USDHUF is approaching the low of its 3-day range at 320; next level to watch on the downside stands at 318.

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