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USDCZK Rejects 200DMA Resistance

CZECHIA
  • USDCZK has been retracing sharply higher since the start of the week and is currently trading slightly below its 200DMA at 21.6860; next resistance to watch on the topside stands at 22 (100DMA). On the downside, support to watch stands at 21.50.
  • EURCZK has also been retracing higher this week and currently trades slightly above the 24.50 level; next resistance to watch on the topside stands at 24.69. On the downside, support to watch below 24.50 stands at 24.33.
  • Czech 10y yield has been oscillating around 3.15% in the past week; ST resistance to watch on the topside stands at 3.22%. On the downside, key support to watch stands at 3%.

Source: Bloomberg

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