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USDCZK Breaks Above 24.61 Resistance

CZECHIA
  • EURCZK continues to retrace higher this morning after breaking above its 100DMA on Friday; next ST key resistance to watch on the topside stands at 24.7430 (200DMA). On the downside, support to watch below 24.6230 (100DMA) stands at 24.50.
  • USDCZK has been retracing sharply higher in the past week amid broad USD strength, breaking above the 24.61 resistance this morning and currently trading at its highest level since May 2020. Next key ST resistance to watch on the topside stands at 25.

Source: Bloomberg/MNI

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