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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 has been retracing sharply higher in the past week ahead of the CNB meeting, breaking above its 22 resistance this morning; next level to watch on the topside stands at 22.22. On the downside, first support to watch stands at 21.71, followed by 21.62 (50DMA).
- EURCZK has been also retracing higher in the past week and is currently trading slightly above the 25.50 level; next resistance to watch above that stands at 21.59. On the downside, key support remains at 25.25.
- CZKJPY has been consolidating lower in the past few days, currently trading slightly below its 50DMA at 5.09; key support to watch on the downside stands at 5.04 (200DMA). On the topside, first resistance stands at 5.13 (100DMA).
- CZKPLN ticks higher this morning and is currently trading slightly below its ST resistance at 0.1826; next key level to watch on the topside stands at 0.1834, which corresponds to the pair's all time high reached in December 2011. On the downside, first support stands at 0.18, followed by 0.1796 (50DMA).
- CZKHUF has been trending sharply higher in the past two weeks and is currently testing its key resistance at 14.15, which corresponds to the pair's all time high. RSI indicator currently showing that the pair is 'overbought'. On the downside, first support stands at 14, followed by 13.87 (50DMA).
- GBPCZK has been trending higher in the past two days after receiving some support slightly below the 29.50 level. On the topside, first resistance stands at 29.74 (100DMA), followed by 29.78 (200DMA). On the downside, next support to watch below 29.50, stands at 29.39, which corresponds to the 61.8% Fibo retracement of the 28.49 – 30.84. (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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