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USDCZK Approaching Its 22.50 Resistance

CZECHIA
  • EURCZK has been retracing higher this week, currently trading slightly below the 24.50 level. Next resistance to watch on the topside stands at 24.6850. On the downside, support to watch stands at 24.27.
  • USDCZK has been trending higher this week, gradually approaching its 22.50 resistance; a break above that level would open the door for a move up to 22.5250 (50% retracement). On the downside. Support to watch stands at 22.1240 (100DMA).

Source: Bloomberg/MNI

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