USD/CZK may fall to 21.818 - 22.112

23.169 is our pivot point.

Our preference

The downside prevails as long as 23.169 is resistance.

Alternative scenario

Above 23.169, look for 23.665 and 23.961.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 23.138 and 23.308).

Supports and resistances

23.961 **

23.665 *

23.169 **

22.974

22.729 last

22.112

21.818 **

21.523 *

21.229 **

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