USD/CZK may rise 103 - 146 pips

Our pivot point is at 23.199.

Our preference

Rebound towards 23.408.

Alternative scenario

Below 23.199, expect 23.127 and 23.084.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 23.267 and 23.324).

Supports and resistances

23.495 **

23.451 *

23.408 **

23.365

23.262 last

23.228

23.199 **

23.127 *

23.084 **

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