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USDCZK Breaks Below 50DMA Support

  • EURCZK ticks lower this morning, and continues to oscillate between the 24.50 support and its 100DMA. Resistance to watch above 24.6470 (100DMA) stands at 24.6770 (200DMA). On the downside, support to watch below 24.50 stands at 24.30.
  • USDCZK has been consolidating lower in the past week, breaking below its 50DMA this morning following the CPI print. ST support to watch on the downside stands at 24. On the topside, resistance to watch stands at 24.50.

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