USD/CZK may rise 112 - 159 pips

Our pivot point is at 23.185.

Our preference

Rise to 23.414.

Alternative scenario

Below 23.185, expect 23.107 and 23.060.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI would call for further upside. Moreover, the price is below its 20 period moving average (23.263) but above its 50 period moving average (23.253).

Supports and resistances

23.507 **

23.460 *

23.414 **

23.367

23.255 last

23.215

23.185 **

23.107 *

23.060 **

Number of asterisks represents the strength of support and resistance levels.