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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 higher this morning, currently trading slightly below the 21 resistance; a break above that level would open the door for a move up to 21.26 (50D SMA). On the downside, first support to watch stands at 20.72, followed by 20.50.
- EURCZK has been trading sideways in recent weeks, oscillating between 25.36 and 25.50; next support to watch on the downside stands at 25.27. On the topside, next resistance to watch above 25.50 stands at 25.68 (50D SMA).
- GBPCZK has been retracing lower in the past few days after failing to break through its 200D resistance at 29.68; next support to watch stands at 29.31, followed by 29. On the topside, next resistance to watch (above 29.68) stands at 29.75 (50D SMA).
- CZKPLN has been trending higher in the past week, currently testing its 50D SMA at 0.1764; a break above that level would open the door for a move up to 0.1771, key resistance remains at 0.1791. On the downside, first support to watch stands at 0.1740.
- CZKJPY: momentum on the pair has paused since the start of the month after the pair reached a local high of 5.28 last week; supports to watch on the downside stands at 5.20, followed by 5.14 (50D SMA). On the topside, first resistance to watch above 5.28 stands at 5.40.
- CZKRUB has been retracing lower in recent days, gradually approaching its 200D SMA at 3.44; next support to watch below that stands at 3.40. On the topside, first resistance stands at 3.48 (100D SMA), followed by 3.51 (50D SMA).
- CZKHUF has been retracing lower in the past few days after failing to break above its 200D SMA at 13.70 this week; key support to watch on the downside stands at 13.55, which corresponds to the 38.2% Fibo retracement of the 12.58 – 14.15 range (2020/2021 range). On the topside, next resistance to watch above 13.70 stands at 13.78 (23.6% Fibo), followed by 13.84 (50D SMA). (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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