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USDCZK Approaching 23.50 Resistance

CZECHIA
  • EURCZK has been retracing lower in the past two days after finding resistance at 24.5860; next level to watch above that stands at 24.68 (100DMA). On the downside, support to watch remains at 24.30.
  • USDCZK has been retracing sharply higher this week as global risk off environment has been pushing preference for the US Dollar. The pair found resistance at 23.4060 earlier; next level to watch on the topside stands at 23.50. On the downside, support to watch stands at 23.

Source: Bloomberg

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