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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 continues to retrace lower after finding a local high at 21.60 on Monday; next support to watch on the downside stands at 21.15 (50D SMA), followed by 21. On the topside, key resistance to watch above 21.60 stands at 21.83 (200D SMA).
- EURCZK has been consolidating lower this week after failing to break through its 50D SMA (25.59) on Monday; next support to watch on the downside stands at 25.27. On the topside, resistance to watch above 50D SMA stands at 25.81 (100D SMA).
- GBPCZK has been trading sideways in the past few days, oscillating between its 200D SMA (29.70) and 100D SMA (29.92). Resistances to watch on the topside stand at 30, followed by 30.18; on the downside, first support below 200D SMA stands at 29.50.
- CZKPLN ticks higher this morning after testing its 50D SMA at 0.1768; key resistance to watch on the topside stands at 0.1791 (March 30 high). On the downside, first support to watch below 50D SMA stands at 0.1759 (100D SMA), followed by 0.1748.
- CZKHUF has been consolidating lower in the past two days and is currently testing its 200D SMA at 13.72; a break below that level would open the door for a move down to 13.60. On the topside, first resistance to watch stands at 13.87 (100D SMA), followed by 14.
- CZKRUB has been retracing higher this week after finding a local low of 3.3560 on Friday; the pair currently trades slightly above the 3.40 level, next resistance to watch stands at 3.44 (200D), followed by 3.47 (100D SMA).
- CZKJPY has been trending higher this week after receiving strong support at 5.0860, which represents the 61.8% Fibo retracement of the 4.78 - 5.28 range (2021 low/high range); next resistance to watch on the topside stands at 5.28, a break above that level would open the door for a move up to 5.40. On the downside, first support to watch below 5.0860 stands at 5.06 (100D SMA), followed by 5. (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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