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USDCZK Approaching 50DMA Support

CZECHIA
  • EURCZK continues to oscillate around the 24.50 level; key ST resistance to watch on the topside stands at 24.65 (200DMA). On the downside, support to watch stands at 24.30.
  • USDCZK has been retracing lower in the past week, gradually approaching its ST support at 24.31 (50DMA). Next key support to watch stands at 24. On the topside, resistance to watch stands at 24.50.

Source: Bloomberg

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