USD/CZK may rise 105 - 155 pips

23.129 is our pivot point.

Our preference

The upside prevails as long as 23.129 is support.

Alternative scenario

Below 23.129, expect 23.045 and 22.995.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 23.175 and 23.168). Finally, the USD/CZK has crossed above its upper Bollinger band (23.213).

Supports and resistances

23.471 **

23.421 *

23.371 **

23.321

23.216 last

23.162

23.129 **

23.045 *

22.995 **

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