USD/CZK may rise 102 - 146 pips

Our pivot point stands at 23.047.

Our preference

The upside prevails as long as 23.047 is support.

Alternative scenario

Below 23.047, expect 22.973 and 22.929.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 23.077 and 23.060). Finally, the USD/CZK is trading above its upper Bollinger band (standing at 23.126).

Supports and resistances

23.366 **

23.322 *

23.277 **

23.233

23.131 last

23.077

23.047 **

22.973 *

22.929 **

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