USD/CZK may rise 97 - 139 pips

Our pivot point stands at 23.025.

Our preference

Rebound towards 23.231.

Alternative scenario

Below 23.025, expect 22.954 and 22.912.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 23.101 and 23.105).

Supports and resistances

23.316 **

23.274 *

23.231 **

23.189

23.092 last

23.053

23.025 **

22.954 *

22.912 **

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