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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 trending higher in the past three days, breaking above its 50DMA this morning and currently trading slightly above 21.70; next level to watch on the topside stands at 22. On the downside, first support stands at 21.50 (200DMA), followed by 21.39 (100DMA).
- EURCZK has been retracing higher in the past few days, gradually approaching its ST resistance at 25.50 (50D/100DMA). On the downside, key support stands at 25.25; a break below that level would open the door for a move down to 25.
- GBPCZK has been testing its 29.75 resistance for the past few days, which represents the pair's 100D and 200DMA; a break above that level would open the door for a move up to 29.82 (50DMA). On the downside, first support stands at 29.50.
- CZKPLN is testing its ST resistance at 0.1812; a break above that level would open the door for a move up to 0.1834, which represents the pair's all-time high. On the downside, first support stands at 0.18, followed by 0.1791 (50DMA).
- PLNHUF is trending slightly higher today and is currently testing its 77 resistance; next level to watch above that stands at 77.40 (50DMA). On the downside, key support remains at 76.
- CZKJPY has been retracing sharply lower today amid JPY strength and is approaching its key support at 5.03, which represents the pair's 200DMA; a break below that level would open the door for a move down to 5. On the topside, first resistance stands at 5.09 (50DMA), followed by 5.14 (100DMA). (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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