USD/CZK may fall to 21.899 - 22.151

Our pivot point is at 23.068.

Our preference

The downside prevails as long as 23.068 is resistance.

Alternative scenario

Above 23.068, look for 23.492 and 23.745.

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 22.955 and 23.272).

Supports and resistances

23.745 **

23.492 *

23.068 **

22.901

22.707 last

22.151

21.899 **

21.647 *

21.395 **

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