USD/CZK may fall 97 - 141 pips

Our pivot point stands at 23.344.

Our preference

The downside prevails as long as 23.344 is resistance.

Alternative scenario

Above 23.344, look for 23.417 and 23.460.

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 23.281 and 23.278).

Supports and resistances

23.460 **

23.417 *

23.344 **

23.316

23.264 last

23.167

23.123 **

23.080 *

23.037 **

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