USD/CZK may rise 77 - 114 pips

22.816 is our pivot point.

Our preference

Rebound towards 22.991.

Alternative scenario

Below 22.816, expect 22.753 and 22.715.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 22.893 and 22.941).

Supports and resistances

23.066 **

23.029 *

22.991 **

22.954

22.877 last

22.840

22.816 **

22.753 *

22.715 **

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