USD/CZK may rise to 23.237 - 23.524

Our pivot point stands at 22.201.

Our preference

Rebound towards 23.524.

Alternative scenario

Below 22.201, expect 21.720 and 21.434.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 22.819 and 23.218).

Supports and resistances

24.098 **

23.811 *

23.524 **

23.237

22.636 last

22.389

22.201 **

21.720 *

21.434 **

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