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USDCZK Finds Resistance Slightly Above 23.50 Level

CZECHIA
  • EURCZK retraces lower after finding resistance at its 50DMA yesterday; ST support to watch on the downside stands at 24.50. On the topside, resistance to watch above 24.7260 (50DMA) stands at 25.
  • USDCZK has been retracing lower in the past two days after finding resistance at the 23.5660 yesterday; ST support to watch on the downside stands at 23.2620, which corresponds to the 23.6% Fibo retracement of the 21.1270 – 23.9210 range. On the topside, resistance to watch stands at 23.50.

Source: Bloomberg/MNI

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