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USDCZK Approaching 23.8780 Resistance

CZECHIA
  • EURCZK continues to trade within its tight range between 24.67 and 24.77; implied vol on the pair has been very low in the past month and has been finding support at its 100DMA. Key resistance to watch on the topside stands at 24.8980 (200DMA). On the downside, support to watch below 24.67 stands at 24.50.
  • USDCZK has been retracing higher in the past week after finding support at its 50DMA. ST support to watch on the downside stands at 23.6030 (23.6% Fibo retracement of the 21.1270 – 24.3680 range). On the topside, resistance to watch stands at 23.8780, followed by 24.

Source: Bloomberg

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