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EURHUF Trading Back Above 400 Level

HUNGARY
  • EURHUF is trading back above the 400 psychological level this morning. Next resistance to watch on the topside stands at 404.80 (pair’s all time high). Key level to watch above that stands at 410.79, which corresponds to the 123.6% Fibo projection of the 352.40 – 399.60.
  • USDHUF tick lower this morning after finding a local high at 387.30 on Friday. Support to watch on the downside stands at 380. On the topside, resistance to watch stands at 390.72 (138.2% Fibo projection of 308.30 – 368 range).
  • GBPHUF has been retracing higher in the past few days after finding support at its 50DMA last week. ST resistance to watch on the topside stands at 470. On the downside, support to watch stands at 460, followed by 457.40 (50DMA).
  • HUFJPY ticks higher this morning after finding a local low slightly below 35 on Friday. ST resistance to watch on the topside stands at 35.62. On the downside, support to watch below 35 stands at 34.62.
  • CZKHUF has been trending higher in the past few days, gradually approaching its ST resistance at 16.36 (all time high reached on June 27). On the downside, support to watch stands at 16.
  • PLNHUF ticks lower this morning after finding a local high at 85.75 earlier; ST resistance to watch stands at 86. On the downside, support to watch stands at 83.90 (50DMA).

Source: Bloomberg/MNI

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  • EURHUF is trading back above the 400 psychological level this morning. Next resistance to watch on the topside stands at 404.80 (pair’s all time high). Key level to watch above that stands at 410.79, which corresponds to the 123.6% Fibo projection of the 352.40 – 399.60.
  • USDHUF tick lower this morning after finding a local high at 387.30 on Friday. Support to watch on the downside stands at 380. On the topside, resistance to watch stands at 390.72 (138.2% Fibo projection of 308.30 – 368 range).
  • GBPHUF has been retracing higher in the past few days after finding support at its 50DMA last week. ST resistance to watch on the topside stands at 470. On the downside, support to watch stands at 460, followed by 457.40 (50DMA).
  • HUFJPY ticks higher this morning after finding a local low slightly below 35 on Friday. ST resistance to watch on the topside stands at 35.62. On the downside, support to watch below 35 stands at 34.62.
  • CZKHUF has been trending higher in the past few days, gradually approaching its ST resistance at 16.36 (all time high reached on June 27). On the downside, support to watch stands at 16.
  • PLNHUF ticks lower this morning after finding a local high at 85.75 earlier; ST resistance to watch stands at 86. On the downside, support to watch stands at 83.90 (50DMA).

Source: Bloomberg/MNI