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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 receiving support at its 100DMA (21.85) in the past few days; a break below that level would open the door for a move down to 21.16. On the topside, first resistance stands at 21.52 (200DMA), followed by 21.63 (50DMA).
- EURCZK has been retracing higher in the past few days after finding a local low at 25.31 last Thursday; resistance to watch on the topside stands at 25.54 (50D/100DMA). On the downside, key support remains at 25.27 (June 11 low).
- GBPCZK ticks lower today after failing to break through its 200DMA at 29.73 earlier; ST support to watch on the downside stands at 29.50, followed by 29.39.
- CZKHUF ticks higher today after finding a local low at 13.65 yesterday; ST key support to watch on the downside stands at 13.60. On the topside, first resistance stands at 13.76, followed by 13.83 (200DMA).
- CZKPLN has been oscillating within a tight 10-pip range since the start of the month, between 0.1773 and 0.1783. Key support to watch below that stands 0.1757 (200DMA). On the topside., first resistance above 0.1783 stands at 0.18.
- CZKJPY has been receiving support at its 100DMA at 5.13 in the past few days; a break below that level would open the door for a move down to 5.09 (50DMA). Key support on the downside remains at 5.01, which corresponds to the 200DMA and the 23.6% Fibo retracement of the 4.17 – 5.28 range. On the topside, first resistance stands at 5.20, followed by 5.28. (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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