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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 ticked higher this morning after finding a local low at 21.31 yesterday (lowest level since Feb 25); next level to watch after that stands at 21.11 (Fed 16 low). On the topside, first resistance stands at 21.64 (100D SMA).
- EURCZK ticked also higher this morning after testing new lows in the past few days and trades back within its 25.85 – 26.00 range. Support to watch on the downside stands at 25.65 (Feb 15 low). On the topside, resistances to watch stand at 26.05 (50D SMA), followed by 26.08 (100D SMA).
- GBPCZK has been trending higher in the past two days after receiving strong support at around its 200D SMA (29.59) and is currently testing its 29.81 resistance, which corresponds to the 38.2% Fibo retracement of the 31.92 – 28.50 range. Next level to watch on the topside stands at 30; on the downside, next support to watch after 29.59 stands at 29.50.
- CZKJPY has been trading at the high of its 5.0-5.05 range, a break above that level would open the door for a move up to 5.20 (Sep 2018 highs). On the downside, key supports to watch below 5.0 stand at 4.97 (50D SMA), followed by 4.91 (100D SMA).
- CZKPLN has been retracing lower in the past two days after finding a high at 0.1769 on Friday; levels to watch on the downside stand at 0.1754 (50D SMA), followed by 0.1740 (100D SMA). On the topside, first resistance stands at 0.1772, followed by 0.1791.
- CZKHUF ticked lower this morning after finding a high of 14.11 yesterday, which is slightly below the pair's all time high of 14.15 reached on March 22. On the downside, supports to watch stand at 13.92, followed by 13.83 (100D SMA).
- CZKRUB (with chart): the pair has been receiving strong support at around 3.48 in the past few days after consolidating from a high of 3.59 last week (3.48 corresponds to the 38.2% Fibo retracement of the 3.30 – 3.59 range (2021 low/high range)). Key resistance to watch on the topside stands at 3.60, which represents the pair's all time high. On the downside, next support to watch after 3.48 stands at 3.45 (50% Fibo, 100D SMA).
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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