USD/CZK may rise 93 - 132 pips

23.081 is our pivot point.

Our preference

The upside prevails as long as 23.081 is support.

Alternative scenario

The downside breakout of 23.081 would call for 23.015 and 22.976.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 23.092 and 23.067).

Supports and resistances

23.359 **

23.319 *

23.280 **

23.241

23.148 last

23.107

23.081 **

23.015 *

22.976 **

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