USD/CZK may fall to 21.815 - 22.090

Our pivot point is at 23.086.

Our preference

The downside prevails as long as 23.086 is resistance.

Alternative scenario

The upside breakout of 23.086, would call for 23.550 and 23.826.

Comment

The RSI is below its neutrality area at 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 23.123 and 23.174).

Supports and resistances

23.826 **

23.550 *

23.086 **

22.904

22.707 last

22.090

21.815 **

21.540 *

21.264 **

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