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Technical Analysis: CZKPLN Testing Key Resistance at 0.18

CZECHIA
  • USDCZK ticks lower this morning after failing to break through its 200DMA several times in the past few days; support to watch on the downside stands at 21.38 (100DMA), followed by 21.20. On the topside, next resistance to watch above 21.51 (200DMA) stands at 21.61 (50DMA).
  • EURCZK has been trending lower in the past two days, gradually approaching its key support at 25.25; a break below that level would open the door for a move down to 25. On the topside, resistance to watch stands at 25.50 (50D/100DMA).
  • GBPCZK ticks lower this morning and is gradually approaching its 29.50 support; next level to watch below that stands at 29.31. On the topside, first resistance to watch stands at 29.75 (100D/200DMA).
  • CZKPLN has been trending higher in the past few days, currently testing its key resistance at 0.18; a break above that level would open the door for a move up to 0.1812. On the downside, first support stands at 0.1788 (50DMA), followed by 0.1779 (100DMA).
  • CZKHUF ticks higher this morning and is currently testing its key resistance at 13.83 (100D/200DMA); next level to watch above that stands at 13.86 (50DMA). On the downside, first support stands at 13.76, followed by 13.72.
  • CZKJPY ticks higher this morning after finding support slightly above the 50DMA at 5.09; key resistance to watch on the topside stands at 5.14, which corresponds to the 100DMA and the high of the LT downward trending channel. On the downside, first support to watch below 5.09 stands at 5.02 (200DMA).

Source: Bloomberg/MNI


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