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USDCZK Rejects 61.8% Fibo Resistance

CZECHIA
  • EURCZK has been consolidating lower in the past few days after reaching a local high at 24.57; key ST support to watch on the downside stands at 24.28, which was rejected in the beginning of last week. On the topside, next resistance to watch above 24.57 stands at 24.69.
  • USDCZK ticks lower this morning after finding resistance at 21.58 yesterday; a break above that level would have opened the door for a move up to 21.6870 (200DMA). On the downside, support to watch stands at 21.24 (76.4% Fibo).

Source: Bloomberg

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