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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 retracing slightly higher in the past two days after failing to break below its 50DMA last week. Resistance to watch on the topside stands at 21.74; on the downside, next support to watch below 21.61 stands at 21.51 (200DMA).
- EURCZK ticks higher this morning and is currently trading slightly below its 50D/100DMA support (25.46); next resistance to watch above that stands at 21.59. On the downside, key support remains at 25.25.
- GBPCZK sticks higher this morning and is currently testing its key resistance at 29.78 (200DMA/50DMA). Next level to watch on the topside stands at 30. On the downside, first support stands at 29.60, followed by 29.50.
- CZKHUF has been trending higher in the past week, gradually approaching its 14.15 resistance, which corresponds to the pair's all time high. On the downside, first support to watch stands at 14.
- CZKPLN has been retracing lower in the past week, gradually approaching its 0.18 support; next level to watch on the downside stands at 0.1794 (50DMA). On the topside, first resistance stands at 0.1826, followed by 0.1836.
- CZKJPY ticks slightly lower this morning after finding a local high at 5.11 on Friday; support to watch on the stands at 5.09, which corresponds to the 50DMA and 23.6% Fibo retracement of the 4.44 – 5.28 range. Key support remains at 5.04 (200DMA). On the topside, first resistance stands at 5.12 (downward trending resistance line), followed by 5.1350 (100DMA).
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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