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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.
CZECHIA
- USDCZK ticks lower after failing to break its 100D SMA resistance (21.62); a break above that level would have opened the door for a move up to 21.81 (50D SMA). on the downside, key support to watch stand at 21.28, followed by 21.11.
- EURCZK: implied vol has eased in the past week and the pair continues to test its ST support at 25.78; on the topside, key resistance stands at 26.05 (50D and 100D SMA). On the downside, support to watch after 25.78 stands at 25.64.
- CZKJPY: Momentum has halted in the past week and the pair has been testing its 5.10 resistance; a break above that level would open the door for a move up to 5.20 (September 2018 highs). On the downside, key levels to watch stand at 5.0 (50D SMA at 4.99), followed by 4.93 (100D SMA).
- CZKPLN has been trending higher in the past few days after receiving strong support slightly above its 50D SMA on Tuesday; key resistance to watch on the pair stands at 0.1791 (March 30 high). On the downside, key support to watch below 0.1758 (50D SMA) stands at 0.1746.
- CZKHUF has been consolidating lower this week, gradually approaching its 100D SMA at 13.88; next key support to watch on the downside stands at 13.75, which corresponds to the low of its LT upward trending channel. On the topside, first resistance stands at psychological level at 14, followed by 14.15 (March 22), which also corresponds to the pair's all time high.
- CZKRUB ticked higher this morning after testing its 100D SMA at 3.46 yesterday and is currently trading back above the 3.48 level, which represents the 38.2% Fibo retracement of the 3.30-3.59 range. Key support to watch on the downside stands at 3.42 (61.8% Fibo and 200D SMA); on the topside, key resistance remains at 3.60, which represents the pair's all-time high.
- GBPCZK ticks lower this morning after failing to break through its psychological resistance at 30; next level to watch on the topside stands at 30.21 (50D SMA). On the downside, first support to watch stands at 29.62 (200D SMA), followed by 29.59 (61.8% Fibo retracement of the 2021 high/low range), and then 29.50.
(GBPCZK chart below)
Source: Bloomberg/MNI
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.
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