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EURHUF Finds Support At Its 50DMA Support

HUNGARY
  • USDHUF ticks higher after finding support at the 385.30 level earlier; ST support to watch on the downside stands at 378.90. On the topside, resistance to watch stands at 400.
  • GBPHUF ticks higher after finding support at its 50DMA; ST resistance to watch on the topside stands at 473.60. On the downside, support to watch below 464.40 (50DMA) stands at 460.
  • HUFJPY ticks lower after rejecting its 200DMA (35.68) resistance earlier; a break above that level would have opened the door for a move up to 36. On the downside, support to watch stands at 35.18 (50DMA). (scale*100).
  • PLNHUF continues to retrace lower in today’s trading session after breaking below the 84 level this week; next ST support to watch stands at 82.44 (100DMA). On the topside, resistance to watch above 84 stands at 84.77 (50DMA).
  • CZKHUF ticks higher after finding support at 16.17 yesterday; ST resistance to watch on the topside stands at 16.50. On the downside, support to watch stands at 16.06 (50DMA).
  • EURHUF has been retracing sharply higher in the past week, breaking below the 400 level yesterday to find support at its 50DMA. A break below that level (396.30) would have open the door for a move down to 393.20. On the topside, first resistance to watch now stands at 400, followed by 407 (see chart).

Source: Bloomberg

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