USD/CZK may rise to 23.916 - 24.212

Our pivot point stands at 22.875.

Our preference

As long as 22.875 is support look for 24.212.

Alternative scenario

Below 22.875, expect 22.379 and 22.084.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 23.274 and 23.014).

Supports and resistances

24.804 **

24.508 *

24.212 **

23.916

23.281 last

23.069

22.875 **

22.379 *

22.084 **

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