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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 consolidating higher in the past week, currently trading above the 22.70 level; next level to watch on the topside stands at 22.9260. On the downside, first support stands at 22.50, followed by 22.23.
- EURCZK ticks lower this morning after finding a local high at 25.53 yesterday; next resistance to watch on the topside stands at 25.63 (200DMA). On the downside, first support stands at 25.47 (100DMA), followed by 25.25.
- GBPCZK continues to trend higher this morning, gradually approaching its 30.50 resistance; next level to watch on the topside stands at 30.78. On the downside, first support stands at 30.18, followed by 30.
- CZKHUF has been consolidating lower in the past two days after reaching an all-time high at 14.62; support to watch on the downside stands at 14.40, followed by 14.35. Resistance to watch on the topside stands at 14.65 (high of LT upward trending channel), followed by 14.81 (138.2% Fibo projection of 12.43 – 14.15 range).
- CZKPLN has been retracing lower in the past two days, falling below 0.1840 this morning; support to watch on the topside stands at 0.1825, followed by 0.1820. On the topside, resistance to watch stands at 0.1856.
- CZKJPY ticks lower this morning, falling below the 5.08 support, which represents the 23.6% Fibo retracement of the 4.4360 – 5.28. Next support to watch on the downside stands at 5. On the topside, first resistance now stands at 5.0960 (200DMA), followed by 5.1090 (100DMA). (see chart).
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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