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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CZECHIA
- Momentum on CZK has remained firm ahead of the meeting; EURCZK keeps testing new lows, gradually approaching its key support at 24.20. Next level to watch on the downside stands at 24. On the topside, resistance to watch stands at 24.50.
- GBPCZK ticks lower this morning, gradually approaching its ST support at 29. Next level to watch on the downside stands at 28.82. On the topside, resistance to watch stands at 29.21.
- CZKJPY ticks higher this morning, currently testing its 5.33 resistance; next level to watch on the topside stands at 5.3650. On the downside, first support stands at 5.30, followed by 5.2390.
- CZKHUF has been retracing higher in the past two days, currently trading around 14.65; ST resistance to watch on the topside stands at 14.75. On the downside, support to watch stands at 14.5850 (50DMA).
- CZKPLN has been consolidating lower this week after reaching a record high at 0.1888 on Monday; ST support to watch on the downside stands at 0.1863, followed by 0.1850.
- USDCZK continues to retrace lower this morning amid broad USD weakness, the pair is currently trading slightly below the 21.50 level. Next support to watch on the downside stands at 21.31. On the topside, first resistance to watch above 21.50 stands at 21.6950 (200DMA). (chart below).
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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