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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 has been flat in the past two days. Oscillating around 21.62; resistance to watch on the topside stands at 21.64. On the downside, first support stands at 21.5650, followed by 21.50.
- EURCZK ticks higher this morning after finding a local low at 25.33 earlier; ST resistance to watch on the topside stands at 25.53 (50DMA). On the downside, key support to watch stands at 25.27.
- GBPCZK has been trending higher in the past week, currently testing its 30 resistance; a break above that level would open the door for a move up to 30.24. On the downside, first support stands at 29.85 (100DMA), followed by 29.81 (50DMA).
- CZKPLN has been testing its key resistance at 0.18 in the past two days as monetary policy divergence keeps weighing on the PLN relative to CZK; a break above that level would open the door for a move up to 0.1834, which represents the pair's all-time high reached in December 2011. On the downside, first support stands at 0.1784, followed by 0.1777 (50dma).
- CZKHUF has been retracing lower in the past week, currently trading slightly above its 13.87 support (100DMA); a break below that level would open the for a move down to 13.81 (200DMA). On the topside, main resistance stands at 14.
- CZKRUB has remained flat in the past two weeks, oscillating around 3.40; resistance to watch on the topside stands at 3.42 (50DMA), followed by 3.45 (200DMA). On the downside, support to watch stands at 3.36.
- CZKJPY has been retracing higher in the past two days after receiving support slightly below 5.09 (61.8% Fibo retracement of the 4.7750 – 5.2820 range). The pair is currently testing its 100DMA resistance at 5.1160, a break above that level would open the for a move up to 5.1380. On the downside, first support to watch below 5.09 stands at 5.03, followed by 5.
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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