USD/CZK may fall to 22.219 - 22.489

Our pivot point stands at 23.534.

Our preference

Under pressure below 23.534.

Alternative scenario

Above 23.534, look for 23.991 and 24.263.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 23.277 and 23.143).

Supports and resistances

24.263 **

23.991 *

23.534 **

23.354

23.122 last

22.489

22.219 **

21.949 *

21.678 **

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