USD/CZK may fall 100 - 139 pips

Our pivot point is at 23.156.

Our preference

The downside prevails as long as 23.156 is resistance.

Alternative scenario

Above 23.156, look for 23.222 and 23.261.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 23.114 and 23.123).

Supports and resistances

23.261 **

23.222 *

23.156 **

23.130

23.096 last

22.996

22.957 **

22.918 *

22.879 **

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