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HUFJPY Finds resistance At 36

HUNGARY
  • EURHUF retraced higher following the NBH decision yesterday, finding resistance at 375.60 before retracing slightly lower this morning. Key Support to watch on the pair remains at 370.
  • USDHUF ticks lower this morning, currently trading around 340; ST support to watch on the downside stands at 335.60. On the topside, resistance to watch stands at 345.
  • GBPHUF ticks lower this morning after finding resistance at 450.60 yesterday; ST support to watch on the downside stands at 444.60, followed by 440. On the topside, resistance to watch stands at 456.90.
  • PLNHUF ticks higher this morning after finding support at its 200DMA (78.37); resistance to watch on the topside stands at 80. On the downside, support to watch below 78.37 stands at 78.
  • CZKHUF has been trending higher in recent days after finding support at 15 in the beginning of the week. Resistance to watch on the topside stand at 15.25. On the downside, support to watch below 15 stands at 14.79 (50DMA).
  • HUFJPY ticks lower this morning after finding resistance at the 36 level; next key level to watch on the topside stands at 36.12 (200DMA, 76.4% Fibo retracement of the 31.26 – 37.63 range). On the downside, support to watch stands at 35.55 (100DMA). (scale*100, chart below).

Source: Bloomberg/MNI

MNI London Bureau | +44 203-865-3850 | yvan.berthoux@marketnews.com
MNI London Bureau | +44 203-865-3850 | yvan.berthoux@marketnews.com

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