USD/CZK may rise 93 - 136 pips

Our pivot point is at 23.283.

Our preference

As long as 23.283 is support look for 23.486.

Alternative scenario

Below 23.283, expect 23.210 and 23.167.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 23.340 and 23.332).

Supports and resistances

23.573 **

23.530 *

23.486 **

23.443

23.350 last

23.312

23.283 **

23.210 *

23.167 **

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