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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
HUNGARY
- EURHUF gradually approaching yesterday's low at 358 following NBH decision; next ST support to watch on the downside stands at 357.60, which corresponds to the 200DMA. On the topside, resistance to watch now stands at 360. (see chart below).
- USDHUF consolidates towards 318 level; a break below that level would open the door for a move down to 316 (yesterday’s low). On the topside, ST resistance to watch stands at 320.
- GBPHUF ticks lower after failing to break through its 50DMA at 432.20 earlier; the pair is currently trading around 429; next ST support to watch on the downside stands at 426.80 (100DMA).
- HUFJPY is trending higher, gradually approaching its 100DMA resistance at 35.95; next level to watch above that stands at 36.53 (200DMA). On the downside, first support stands to watch stands at 35.50 (50DMA). (scale*100).
- PLNHUF consolidated sharply following the decision and is currently testing its 200DMA at 78.26; next support to watch on the downside stands at 78.
- CZKHUF has also been consolidating lower this afternoon, gradually approaching its 1W low at 14.6190; a break below that level would open the door for a move down to 14.5650 (50DMA).
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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