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USDCZK Testing LT Upward Trending Support Line

CZECHIA
  • USDCZK ticks higher this morning after finding a local low at 21.21 earlier; next ST support to watch on the downside stands at 21.16, followed by 21. On the topside, first resistance stands at 21.50, followed by 21.6940 (200DMA).
  • EURCZK has been retracing higher in the past two days after reaching a local low at 24.0940 yesterday; ST resistance to watch on the topside stands at 24.50. On the downside, key support to watch below 24.0940 stands at 24.
  • Czech 10Y yield continues to oscillate around 3.20% this week; next ST resistance to watch on the topside stands at 3.50% (April 2012 high). On the downside, first support stands at 3%, followed by 2.80%.

Source: Bloomberg/MNI

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