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Technical Analysis: CZKPLN Finds Support At 100DMA

CZECHIA
  • USDCZK tick slightly higher this morning, currently trading below its 22.20 resistance; next level to watch above that stands at 22.35 (March 31 high). On the downside, first support stands at 22, followed by 21.82.
  • EURCZK has been retracing slightly lower after breaking above its 200DMA resistance on Monday. Support to watch below 25.68 (200DMA) stands at 25.50 (100DMA). On the topside, next resistance to watch stands at 25.93.
  • GBPCZK ticks lower this morning after finding resistance at 30.59 earlier; first support to watch on the downside stands at 30.24, followed by 30. On the topside, resistance to watch stands at 30.78.
  • CZKPLN ticks higher this morning after finding support at its 100DMA (0.1790) yesterday; a break below that level would have opened the door for a move down to 0.1773 (200DMA). On the topside, first resistance stands at 0.18, followed by 0.1810.
  • CZKHUF has been oscillating around 14.20 in the past week; key resistance to watch on the topside stands at 14.26, which corresponds to the pair's all-time high. On the downside, first support stands at 14.11, followed by 14.03.
  • CZKJPY has been consolidating lower in the past week, gradually approaching its 5.11 support (50DMA/100DMA) ; next level to watch below that stands at 5.08 (LT upward trending support line and 23.6% Fibo retracement of the 4.44-5.28 range), followed by 5.07 (200DMA). On the topside, first resistance stands at 5.20, followed by 5.2340. (chart below).

Source: Bloomberg/MNI

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