USD/CZK may rise 90 - 133 pips

22.706 is our pivot point.

Our preference

As long as 22.706 is support look for 22.908.

Alternative scenario

Below 22.706, expect 22.634 and 22.592.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 22.766 and 22.752).

Supports and resistances

22.993 **

22.951 *

22.908 **

22.865

22.775 last

22.734

22.706 **

22.634 *

22.592 **

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