7640851 7/12/2017 5:15 PM, USD/CZK intraday: technical rebound towards 22.862 before a new drop


Our pivot point is at 22.862.


Our preference

: technical rebound towards 22.862 before a new drop.


Alternative scenario

: the upside breakout of 22.862, would call for 22.936 and 22.980.


Comment

: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above its 20 MA (22.771) but under its 50 MA (22.815).


Supports and resistances

:

22.980 **

22.936 *

22.862 **

22.833

22.799 last

22.702

22.657 **

22.613 *

22.569 **