USD/CZK may fall 92 - 136 pips

23.191 is our pivot point.

Our preference

Under pressure below 23.191.

Alternative scenario

Above 23.191, look for 23.265 and 23.310.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 23.144 and 23.125).

Supports and resistances

23.310 **

23.265 *

23.191 **

23.161

23.116 last

23.024

22.980 **

22.936 *

22.891 **

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