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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 ticked lower today after retracing higher on Friday and failing to break through its 21.50 resistance. ST supports to watch on the downside stand at 21.28, followed by 21.11. On the topside, key resistances to watch (after 21.50) stand at 21.62 (100D SA) followed by 21.80 (50D SMA).
- EURCZK has been consolidating lower today and is currently testing its ST support at 25.80; next level to watch on the downside stands at 25.64 (Feb 15 low). On the topside, key resistance to watch stands at 26.05 (50D and 100D SMA).
- CZKJPY: momentum on the pair has halted in the past three days following the little rally in the end of April; CZKJPY is currently testing its 5.10 resistance, a break above that level would open the door for a move up to 5.20 (Sep 2018 highs). On the downside, short term support stands at the psychological 5 level, followed by 4.92 (100D SMA).
- CZKPLN has been retracing slightly lower in the past few days after testing a local high of 0.1773; ST supports on the pair stand at 0.1756 (50D SMA), followed by 0.1744 (100D SMA). On the topside, 0.1791 remains the key resistance (March 30 high).
- CZKHUF ticked higher today and currently trades slightly below the 14 level; key level to watch on the topside stands at 14.15, which was reached on March 22 and also represents the pair's all-time high. On the downside, first support to watch stands at 13.85 (100D SMA), followed by 3.70 (the low of the LT upward trending channel).
- CZKRUB: the pair has been retracing slightly higher in the past few days after rejecting its 3.48 support, which corresponds to the 38.2% Fibo retracement of the 3.30 – 3.59 range. Key resistance to watch on the topside stands at 3.60, which represents the pair's all time high; on the downside, first resistance to watch after 3.48 stands at 3.45 (50D SMA, 100D SMA and 50% Fibo).
- GBPCZK retraced higher today, after nearly testing its 29.60 support this morning, which corresponds to the 61.8% Fibo of the 28.82 – 30.83 range and the 200D SMA; next support to watch stands at 29.22 (Feb 8 low). The pair is currently testing its 100D SMA at 29.77; a break above that level would open the door for a move up to 30.06 (38.2% Fibo). (GBPCZK 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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