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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.
HUNGARY
- USDHUF continues to retrace lower this morning, currently trading slightly above the 337 level; next support to watch on the downside stands at 330. On the topside, resistance to watch stands at 340, followed by 342.20.
- EURHUF has been testing its key support at 370 in the past two days; a break below that level would open the door for a move down to 367.60, followed by 364.30 (100DMA). On the topside, resistance to watch stands at 374.30.
- GBPHUF has been testing its 440 support in the past two days; next level to watch on the downside stands at 434 (50DMA). On the topside, resistance to watch stands at 445.10.
- CZKHUF ticks higher this morning, trading back the 15 level; next resistance to watch on the topside stands at 15.25. On the downside, support to watch stands at 14.88.
- PLNHUF ticks higher this morning, currently trading slightly above the 79 level; resistance to watch on the topside stands at 80. On the downside, support to watch stands at 78.32 (200DMA).
- HUFJPY has been trending sharply higher in the past week (both HUF strength and JPY weakness), gradually approaching its 35.20 resistance, which corresponds to the 61.8% Fibo retracement of the 21.26 – 37.63 range. On the downside, support to watch stands at 34.44 (50% retracement). (scale *100, chart below).
Source: Bloomberg/MNI
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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