USD/CZK may rise 112 - 149 pips

Our pivot point stands at 22.845.

Our preference

As long as 22.845 is support look for 23.047.

Alternative scenario

The downside breakout of 22.845 would call for 22.783 and 22.746.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (22.906) but above its 50 period moving average (22.860).

Supports and resistances

23.121 **

23.084 *

23.047 **

23.010

22.898 last

22.869

22.845 **

22.783 *

22.746 **

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