USD/CZK may rise 95 - 137 pips

22.579 is our pivot point.

Our preference

Our next up target stands at 22.780.

Alternative scenario

Below 22.579, expect 22.510 and 22.469.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 22.615 and 22.640).

Supports and resistances

22.863 **

22.821 *

22.780 **

22.738

22.643 last

22.607

22.579 **

22.510 *

22.469 **

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