USD/CZK may rise 106 - 146 pips

Our pivot point is at 22.520.

Our preference

Rebound towards 22.718.

Alternative scenario

Below 22.520, expect 22.453 and 22.414.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 22.579 and 22.611).

Supports and resistances

22.797 **

22.757 *

22.718 **

22.678

22.572 last

22.546

22.520 **

22.453 *

22.414 **

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