USD/CZK may rise to 23.964 - 24.263

Our pivot point is at 22.903.

Our preference

The upside prevails as long as 22.903 is support.

Alternative scenario

The downside breakout of 22.903 would call for 22.400 and 22.102.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 23.004 and 22.756).

Supports and resistances

24.863 **

24.563 *

24.263 **

23.964

23.324 last

23.100

22.903 **

22.400 *

22.102 **

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