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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.
CZECHIA
- The US Dollar has been under pressure following the release of US CPI inflation, which came in below expectations at 8.5% (vs. 8.7% exp.), down from 9.1% the previous month.
- Interestingly, CZK also received strong support this early afternoon, leading to a sharp consolidation on USDCZK.
- USDCZK broke below its LT upward trending support line earlier to find support at the 23.5670 level, which corresponds to the 61.8% Fibo retracement of the 21.84 – 24.6340 range.
- Next level to watch on the downside stands at 23.50.
- On the topside, resistance to watch stands at 23.82 (50DMA).
Source: Bloomberg/MNI
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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