USD/CZK may rise 90 - 132 pips

Our pivot point is at 22.630.

Our preference

The upside prevails as long as 22.630 is support.

Alternative scenario

Below 22.630, expect 22.560 and 22.519.

Comment

The RSI is above 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 22.706 and 22.711). Finally, the USD/CZK has crossed above its upper Bollinger band (22.722).

Supports and resistances

22.940 **

22.898 *

22.857 **

22.815

22.725 last

22.657

22.630 **

22.560 *

22.519 **

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