USD/CZK may rise to 23.980 - 24.221

Our pivot point stands at 23.115.

Our preference

The upside prevails as long as 23.115 is support.

Alternative scenario

The downside breakout of 23.115 would call for 22.711 and 22.471.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 23.277 and 23.091).

Supports and resistances

24.703 **

24.462 *

24.221 **

23.980

23.438 last

23.273

23.115 **

22.711 *

22.471 **

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