USD/CZK may fall 110 - 156 pips

Our pivot point is at 23.149.

Our preference

The downside prevails as long as 23.149 is resistance.

Alternative scenario

Above 23.149, look for 23.226 and 23.272.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 23.086 and 23.099).

Supports and resistances

23.272 **

23.226 *

23.149 **

23.118

23.069 last

22.959

22.913 **

22.867 *

22.821 **

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