Free Trial

FIX - 25 April, 2022


USDCZK Finds Support At 50DMA


5/10/30y OLOs


AUCTION PREVIEW: 0.40% Feb-37 Green EU

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
  • EURHUF maintains a bearish tone as the correction lower extends. The 50-day EMA has been breached and continued weakness would expose 360.35, 61.8% of the rally between Feb 2 and Mar 18.
    • On the upside, initial resistance is at 365.06, Mar 25 high.
  • EURPLN remains bullish despite the corrective pullback this week. The cross has recently cleared a host of key resistance levels that have capped gains over the past year. The break higher confirms a resumption of the uptrend that started mid-Jan 2020 and opens the 4.7000 handle, with scope too for 4.7458 further out, the Mar 30, 2009 high. 4.5837 marks support, Mar 23 low.
  • USDZAR maintains a bearish short-term tone following the recent move lower from 15.5726, Mar 8 high. Scope is seen for a pullback towards 14.3966, Feb 24 low. Initial resistance is at 15.1110, Mar 11 high. The reversal trigger for bulls though is 15.5726, Mar 8 high.
  • USDTRY maintains a firmer tone with attention on key resistance at 8.4704, Mar 22 high. A break of this hurdle would open 8.5793, the Nov 6 high and an important resistance. Key support has been defined at 7.6958, Mar 22 low.
  • USDRUB attention is on resistance at 76.6579. Mar 24 high. A break of this level would signal scope for an extension higher and open 77.7370, 61.8% retracement of the Nov 2020 - Mar downleg. Initial support lies at 75.1322, Mar 23 low.
MNI London Bureau | +44 203-586-3805 |
MNI London Bureau | +44 203-586-3805 |

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.