USD/CZK may rise to 23.725 - 24.033

Our pivot point stands at 22.627.

Our preference

The upside prevails as long as 22.627 is support.

Alternative scenario

Below 22.627, expect 22.112 and 21.805.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 22.691 and 22.746).

Supports and resistances

24.648 **

24.340 *

24.033 **

23.725

23.040 last

22.829

22.627 **

22.112 *

21.805 **

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