USD/CZK may rise 97 - 138 pips

22.361 is our pivot point.

Our preference

The upside prevails as long as 22.361 is support.

Alternative scenario

Below 22.361, expect 22.291 and 22.250.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 22.386 and 22.387).

Supports and resistances

22.651 **

22.609 *

22.568 **

22.527

22.430 last

22.388

22.361 **

22.291 *

22.250 **

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