USD/CZK may rise 100 - 143 pips

23.210 is our pivot point.

Our preference

The upside prevails as long as 23.210 is support.

Alternative scenario

The downside breakout of 23.210 would call for 23.137 and 23.094.

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 23.226 and 23.222).

Supports and resistances

23.496 **

23.453 *

23.410 **

23.367

23.267 last

23.239

23.210 **

23.137 *

23.094 **

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