USD/CZK may rise to 23.780 - 24.125

Our pivot point stands at 22.518.

Our preference

Rebound.

Alternative scenario

Below 22.518, expect 21.942 and 21.599.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (22.813) but under its 50 period moving average (23.118).

Supports and resistances

24.815 **

24.470 *

24.125 **

23.780

23.079 last

22.745

22.518 **

21.942 *

21.599 **

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