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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 finding a local high of 21.22 yesterday, currently flirting with its 21 support level; next key support to watch on the downside stands at 20.35. On the topside, first resistance to watch stands at 21.50, followed by 21.59 (100D SMA).
- EURCZK continues to trending lower, breaking below its 25.50 support; next level to watch on the downside stands at 25.27 (March 2020 lows). On the topside, first resistance stands at 25.80, followed by 25.96 (50D SMA).
- GBPCZK has been retracing lower in the past few days, gradually approaching its 29.50 support; a break below that level would open the door for a move down to 29.22 (followed by 29). On the topside, first resistance stands at 29.83, followed by 30.
- CZKJPY has been trending higher in the past 10 days, currently flirting with its 5.20 resistance (September 2018 high); next level to watch on the topside stands at 5.45, which was the peak reached in early February 2018. On the downside, first support stands at 5.07, followed by 5.02 (50D SMA).
- CZKPLN ticks higher this morning after finding a low at 0.1773 following a few days of bearish retracement; supports to watch on the downside stand at 0.1764 (50D SMA), followed by 0.1750 (100D SMA). On the topside, key resistance stands at 0.1791 (March 30 high); a break above that level would open the door for a move up to 0.1834 (Dec 2011 high), which represents the pair's all time high.
- CZKHUF has been moving sideways in the past two days, trading within its 50D SMA (13.95) and the 14 level; resistances to watch on the topside stand at 14.07, followed by 14.15, which represents the pair's all time high. On the downside, support to watch below 13.95 stands at 13.88 (100D SMA).
- CZKRUB has been consolidating lower in the past two days after finding a high at 3.54 on Wednesday; levels to watch on the downside stand at 3.48, which represents the 38.2% Fibo retracement of the 3.30-3.59 range (2021 high/low), followed by 3.46 (50D and 100D SMA), then 3.42 (100D SMA). On the topside, key resistance remains at 3.60, which represents the pair's all-time high. (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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