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USDCZK Continues Its Bull Retracement

CZECHIA
  • EURCZK tick lower this morning after finding resistance at 24.5760 yesterday. ST support to watch on the downside stands at 24.50, followed by key level at 24.30. On the topside, resistance to watch above 24.5760 stands at 24.6150 (100DMA).
  • USDCZK has been retracing higher this week after finding support at around the 23.50 level last week. Next resistance to watch on the topside stands at 24.3590. On the downside, support to watch stands at 24, followed by 23.9090 (50DMA).

Source: Bloomberg/MNI

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