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HUFJPY Approaching 200DMA Support

HUNGARY
  • USDHUF has been retracing higher in the past two days after finding support slightly above the 310 level; ST resistance to watch on the topside stands at 317.40 (100DMA). On the downside, support to watch below 310 stands at 306.90 (200DMA).
  • EURHUF ticks higher this morning, gradually approaching its ST resistance at 357.20 (200DMA); a break above that level would open the door for a move up to 358.30. On the downside, ST support to watch stands at 355, followed by 353.20.
  • GBPHUF has been retracing higher in the past two days after finding support slightly above its 200DMA at 420; ST resistance to watch on the topside stands at 428.60. On the downside, support to watch below 420 stands at 417.60.
  • CZKHUF ticks higher this morning, currently trading slightly below its 50DMA (14.63); a break above that level would open the door for a move up to 14.69. On the downside, ST support to watch stands at 14.50, followed by 14.45,
  • PLNHUF has been trending higher this week, currently testing its 79 resistance; next level to watch on the topside stands at 79.53. On the downside, support to watch stands at 78.80 (100DMA), followed by 78.18.
  • HUFJPY has been consolidating lower in the past two days, gradually approaching its 200DMA at 36.55; a break below that level would open the door for a move down to 36.07 (50DMA). On the topside, resistance to watch stands at 37. (scale*100, chart below).

Source: Bloomberg

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