USD/CZK may rise 97 - 140 pips

Our pivot point is at 23.285.

Our preference

As long as 23.285 is support look for 23.489.

Alternative scenario

Below 23.285, expect 23.213 and 23.169.

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 below its 20 period moving average (23.350) but above its 50 period moving average (23.302).

Supports and resistances

23.575 **

23.532 *

23.489 **

23.446

23.349 last

23.314

23.285 **

23.213 *

23.169 **

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