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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 test new lows and currently trades at its lowest level since Feb 25; supports to watch on the downside stand at 21.25, followed by 21.11..On the topside, first resistance to watch stands at 21.65 (100D SMA), followed by 21.79 (50D SMA)
- EURCZK has been trending lower in the past two days after trading within a tight range (25.85 – 26.0) in the past week. Supports to watch on the downside stands at 25.79, followed by 25.64; on the topside, first resistance stands at 26.05 (50D SMA), followed by 26.10 (100D SMA).
- GBPCZK has been retracing lower in the past few days after failing to break above its 50D SMA on Monday; supports to watch on the downside stand at 29.72 (100D SMA), followed by 29.58 (200D SMA).
- CZKJPY has been trading sideways in the past week between 5 and 5.05; the risk off environment amid escalating tensions between Russia and Czech Republic in recent days has not generated any preference for the Yen ('safe haven' currency). Resistance to watch on the topside stands at 5.05; on the downside, levels to watch below 5 stand at 4.97 (50D SMA) and 4.90 (100D SMA)
- CZKPLN has been trending slightly higher in the past two days after testing its 50D SMA support line at 0.1752 earlier this week; resistances to watch on the topside stand at 0.1772, followed by 0.1791.
- CZKHUF broke above its 14 resistance yesterday and continues its positive momentum amid HUF weakness; next level to watch on the topside stands at 14.15 (March 22 high). On the downside, first support stands at 13.91 (50D SMA), followed by 13.82 (100D SMA).
- CZKRUB (with chart): the rise in geopolitical tensions between Czech Republic and Russia has been gradually pushing the pair to new highs this week. Next major level to watch on the topside stands at 3.60 (LT upward trending resistance), which also represents an all-time high on the pair.
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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