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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 support at 21 yesterday (April 2018 low); 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 21.61 (100D SMA).
- EURCZK has been retracing higher this morning after finding a local low of 25.55 yesterday; next levels to watch on the downside stands at 25.50 (March 2020 low), followed by 25.27. On the topside, first resistance stands at 25.80, followed by 26.0 (50D SMA).
- GBPCZK retraces lower after failing to break through its 100D SMA resistance earlier this morning (at 29.82); supports to watch on the downside stand at 29.63 (200D SMA), followed by 29.50. On the topside, next resistance above 29.82 stands at 30.
- CZKJPY has been trending higher in the past few days, gradually approaching its ST resistance at 5.20 (Sep 2018 high); a break above that level would open the door for a move up to 5.45. On the downside, first resistance to watch stands at 5.0 (50D SMA), followed by 4.94 (100D SMA).
- CZKPLN continues to trend higher, gradually approaching its key resistance at 0.1791 (March 30 high); next resistance above that stands at 0.1834, which represents the pair's all time high. On the downside, first support stands at 0.1761 (50D SMA), followed by 0.1748 (100D SMA).
- CZKHUF has been trending higher in the past few days after finding support at its 100D SMA (13.87) last week; key resistance on the topside stands at 14.15 (March 22 high), which is the pair's all time high. On the downside, first support stands at 13.94 (50D SMA), followed by 13.87.
- CZKRUB has been retracing higher in the past two days after failing to break below its 3.46 support (50D and 100D SMA) twice in the past week; next key resistance on the topside stands at 3.60, which represents the pair's all time high. On the downside, next support to watch below 3.46 stands at 3.42 (200D SMA and 61.8% Fibo retracement of the 3.30-3.59 range). (see 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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