USD/CZK may fall to 22.205 - 22.466

Our pivot point is at 23.430.

Our preference

The downside prevails as long as 23.430 is resistance.

Alternative scenario

Above 23.430, look for 23.870 and 24.132.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 23.228 and 23.174).

Supports and resistances

24.132 **

23.870 *

23.430 **

23.258

23.073 last

22.466

22.205 **

21.944 *

21.684 **

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