USD/CZK may fall 104 - 146 pips

23.212 is our pivot point.

Our preference

Technical rebound towards 23.212 before a new drop.

Alternative scenario

The upside breakout of 23.212, would call for 23.283 and 23.326.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price stands above its 20 period moving average (23.149) but below its 50 period moving average (23.161).

Supports and resistances

23.326 **

23.283 *

23.212 **

23.184

23.156 last

23.052

23.010 **

22.968 *

22.925 **

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