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USDCZK Gradually Approaching 50DMA Support

CZECHIA
  • USDCZK has been consolidating lower in the past week, gradually approaching its ST support at 22.24 (50DMA). Next level to watch below that stands at 22. On the topside, first resistance stands at 22.50.
  • EURCZK has been oscillating around 25.30 in the past few days; ST support to watch on the downside stands at 25.20. A break below that level would open the door for a move down to 25. On the topside, first resistance stands at 25.43 (100DMA).
  • Czech 10Y yield has been consolidating higher this week, currently trading above the 2.60% level; next resistance to watch on the topside stands at 2.6650%. On the downside, first support stands at 2.51%.

Source: Bloomberg/MNI

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