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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 trading within a tight range in the past 10 days, oscillating around 21.75; support to watch on the downside stands at 21.65 (200DMA). On the topside, first resistance stands at 21.92, followed by 22.
- EURCZK ticks lower this morning after failing to break through its 25.72 resistance (100DMA) several times this week; support to watch on the downside stands at 25.60, followed by 25.53 (50DMA). On the topside, first resistance to watch above 25.72 stands at 25.93.
- GBPCZK ticks lower this morning after finding a local high at 30.24 earlier; supports to watch on the downside stand at 30, followed by 29.90 (100DMA). On the topside, first resistance stands at 30.30, followed by 30.50.
- CZKJPY ticks higher this morning after finding support above the 5.03 level; support to watch on the downside stands at 5, followed by 4.95 (200DMA). On the topside, first resistance stands at 5.10 (100DMA), followed by 5.16 (50DMA).
- CZKPLN has been trending higher in the past week, currently trading slightly below its key 0.18 resistance; a break above that level would open the door for a move up to 0.1834, which represents the pair's all time high. On the downside, first support stands at 0.1779, followed by 0.1772.
- CZKHUF consolidates higher this morning after a local low at 13.96 earlier; next support to watch on the downside stands at 13.87 (100DMA). On the topside, key resistance remains at 14.15, which corresponds to the pair's all time high.
- CZKRUB has been gradually retracing lower in the past few days, currently testing its 3.37 support level, which corresponds to the 23.6% Fibo retracement of the 3.30-3.59 range. A break below that level would open the door for a move down to 3.30 (this year's low). On the topside, first resistance to watch stands at 3.42 (38.2% Fibo), followed by 3.45 (200DMA).
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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