USD/CZK may rise 97 - 141 pips

Our pivot point stands at 23.224.

Our preference

As long as 23.224 is support look for 23.429.

Alternative scenario

The downside breakout of 23.224 would call for 23.151 and 23.108.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 23.275 and 23.254).

Supports and resistances

23.515 **

23.472 *

23.429 **

23.385

23.288 last

23.253

23.224 **

23.151 *

23.108 **

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