USD/CZK may rise 90 - 126 pips

Our pivot point stands at 22.821.

Our preference

The upside prevails as long as 22.821 is support.

Alternative scenario

Below 22.821, expect 22.759 and 22.722.

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 22.845 and 22.846).

Supports and resistances

23.081 **

23.044 *

23.007 **

22.971

22.881 last

22.845

22.821 **

22.759 *

22.722 **

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