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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 after finding a local low at 21.67 earlier and is currently trading slightly below its 200DMA at 21.74; ST support to watch on the downside stands at 21.48 (100DMA). On the topside, first resistance stands at 21.92, followed by 22.
- EURCZK retraces slightly higher this morning after trending lower since Thursday; the pair is currently testing its 100DMA at 25.79. Resistance to watch on the topside stands at 25.93, followed by 26; on the downside, ST key support stands at 25.52 (50DMA).
- GBPCZK ticks lower this morning after finding a local high at 30.29 earlier; first support to watch on the downside stands at 29.96 (100DMA), followed by 29.72 (200DMA). On the topside, first resistance stands at 30.50, followed by 30.77.
- CZKPLN has been retracing higher in the past few days and is currently testing its 50DMA at 0.1769; a break above that level would open the door for a move up to 0.1775. On the downside, first support stands at 0.1763, followed by 0.1760.
- CZKHUF has been retracing lower in the past few days after failing to break through its 100DMA last week; supports to watch on the downside stand at 13.79 (50DMA) and 13.75 (200DMA). On the topside, next resistance to watch above 13.86 (100DMA) stands at 13.96.
- CZKJPY has been testing its 5.09 resistance in the past few days, which corresponds to the 100DMA and the 61.8% Fibo retracement of the 4.78 – 5.28 range; a break above that level would open the door for a move up to 5.17 (76.4% Fibo). On the downside, first support stands at 5.03 (50% retracement), followed by psychological 5 level.
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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