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USDCZK Consolidates Back Below 23.50

CZECHIA
  • EURCZK continues to trade within a narrow range between 24.6770 (100DMA) and 24.7710. Key resistance to watch on the topside stands at 24.9310 (200DMA). On the downside, support to watch below 24.6770 stands at 24.50.
  • USDCZK has been consolidating lower in the past week after finding a local high at 23.8770; ST support to watch on the downside stands at 23.2150 (50DMA). On the topside, key ST resistance to watch stands at 24.

Source: Bloomberg

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