USD/CZK may fall 96 - 139 pips

23.198 is our pivot point.

Our preference

The downside prevails as long as 23.198 is resistance.

Alternative scenario

Above 23.198, look for 23.270 and 23.313.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 23.149 and 23.144).

Supports and resistances

23.313 **

23.270 *

23.198 **

23.169

23.128 last

23.032

22.989 **

22.946 *

22.903 **

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