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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 ticks lower this morning after failing to break through its 22 resistance yesterday; support to watch on the downside stands at 21.70 (50DMA). On the topside, first resistance to watch above 22 stands at 22.07.
- EURCZK has been testing its 100DMA resistance (25.48) in the past two days after retracing sharply higher yesterday; next level to watch on the topside stands at 25.57. On the downside, first support stands at 25.33, followed by 25.25.
- GBPCZK has been trending higher in the past week, gradually approaching its 30.24 resistance; next level to watch on the topside stands at 30.29. On the downside, first support stands at 30, followed by 29.84 (200DMA).
- CZKPLN continues to retrace lower, currently trading below the 0.18 level; next support to watch on the downside stands at 0.1788 (100DMA). On the topside, resistance to watch stands at 0.1807, followed by 0.1817.
- CZKHUF ticks lower this morning after finding resistance at 14.22 earlier; key resistance to watch remains at 14.2360, which corresponds to the pair's all time high. On the downside, first support stands at 14.12, followed by 14.03.
- CZKJPY has been retracing sharply higher in the past two weeks amid JPY weakness and has been testing its 5.2240 resistance in recent days; next key resistance to watch on the topside stands at 5.28. On the downside, first support stands at 5.12 (100DMA), followed by 5.10 (50DMA) and 5.06 (200DMA). (chart below).
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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