USD/CZK may rise to 23.852 - 24.188

Our pivot point stands at 22.658.

Our preference

The upside prevails as long as 22.658 is support.

Alternative scenario

Below 22.658, expect 22.095 and 21.761.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 22.923 and 23.065).

Supports and resistances

24.860 **

24.524 *

24.188 **

23.852

23.121 last

22.879

22.658 **

22.095 *

21.761 **

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