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Technical Analysis: EURCZK Approaching Its 100DMA Resistance

CZECHIA
  • USDCZK ticks higher this morning, currently trading slightly below the 22 level; next resistance to watch above that stands at 22.07. On the downside, first support stands at 21.92, followed by 21.74.
  • EURCZK ticks higher this morning, currently trading slightly below its 100DMA at 25.47; a break above that level would open the door for a move up to 25.57. On the downside, first support stands at 25.33, followed by 25.25.
  • GBPCZK has been retracing higher in the past few days, gradually approaching its ST resistance at 30.24; a break above that level would open the door for a move up to 30.50. On the downside, first support stands at 30, followed by 29.83 (200DMA).
  • CZKPLN has been retracing lower in the past week, currently trading slightly below the 0.18 level; next support to watch on the downside stands at 0.1788 (100DMA). On the topside, first resistance to watch stands at 0.1807, followed by 0.1820.
  • CZKHUF ticks lower this morning after finding resistance at 14.20; key resistance on the topside remains at 14.2370, which corresponds to the pair's all time high. On the downside, first support stands at 14.12, followed by 14.03.
  • CZKJPY ticks lower this morning after finding resistance at 5.23 earlier; ST key level to watch on the topside stands at 5.28. On the downside, first support stands at 5.12 (100DMA), followed by 5.06 (200DMA) and 5.02 (23.6% retracement of the 4.17 – 5.28 range). (chart below).

Source: Bloomberg/MNI

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