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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 this morning after failing to break through its 21.50 resistance several times this week; first support to watch on the downside stands at 21.39 (50DMA), followed by 21.20. On the topside, first resistance stands at 21.60 (200DMA), followed by 21.86.
- EURCZK has been trending lower in the past few days, currently trading slightly below the 25.50 level; key ST support to watch on the downside stands at 25.27. On the topside, first resistance to watch stands at 25.53 (50DMA), followed by 25.68 (100DMA).
- CZKJPY been trending higher in the past few days and is currently testing its 100DMA at 5.11; a break above that level would open the door for a move up to 5.15 (50DMA). On the downside, first support to watch stands at 5.04, followed by 5.
- CZKHUF has been retracing lower in the past week, currently trading slightly above its 100DMA at 13.87; next level to watch on the downside stands at 13.81 (200DMA). On the topside, first resistance stands at 14, followed by 14.15, which corresponds to the pair's all time high.
- CZKPLN ticks higher this morning after finding support at 0.1784; key resistance to watch on the topside remains at 0.18. On the downside, first support stands at 0.1780, followed by 0.1775 (50DMA).
- CZKRUB ticks higher this morning and is currently trading slightly below its 50DMA at 3.43; a break above that level would open the door for a move up to 3.46 (100DMA). On the downside, first support stands at 3.36, followed by 3.30.
- GBPCZK has been retracing higher in the past few days after receiving support at its 200DMA (29.71) on Monday (also corresponds to the 38.2% Fibo retracement of the 28.49 – 31.63 range, and LT upward trending support line); resistance to watch on the topside stands at 30, followed by 30.24. On the downside, support to watch below 29.71 stands at 29.50.
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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