USD/CZK ST: the upside prevails as long as 17.08 is support
26-May-11
05:07
Our pivot point is at 17.08.
Our preference: the upside prevails as long as 17.08 is support.
Alternative scenario: the downside breakout of 17.08 would call for 16.71 and 16.49.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (standing respectively at 16.9811 and 16.9708).
Supports and resistances:
18.42 *
18.19 **
17.97
17.3975 last
17.23
17.08 **
16.71 *
Ticker: CZK
