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HUFJPY Finds Resistance At 37

HUNGARY
  • EURHUF ticks higher this morning after finding support at its 50DMA at 366.40 earlier. Key ST resistance to watch on the topside stands at 370, followed by 375.10. On the downside, support to watch below 366.40 stands at 365.50 (100DMA).
  • USDHUF continues to retracing higher this morning, gradually approaching its ST resistance at 335. Next level to watch on the topside stands at 340. On the downside, support to watch stands at 328.32 (50DMA).
  • GBPHUF ticks higher this morning, currently trading slightly below its 440 resistance. A break above that level would open the door for a move up to 447.20. On the downside, support to watch stands at 435 (100DMA).
  • CZKHUF has been retracing higher in the past week, gradually approaching its ST resistance at 15.25. On the downside, support to watch stands at 15.
  • PLNHUF ticks higher this morning after finding support slightly below its 50DMA earlier (78.85). ST resistance to watch on the topside stands at 80. On the downside, support to watch below 78.85 stands at 78.42 (200DMA).
  • HUFJPY ticks lower this morning after finding resistance at the 37 level earlier. Support to watch on the downside stands at 36.42, followed by 36.09 (200DMA). On the topside, first resistance to watch stands at 37.20 (LT downward trending resistance line), followed by 37.63. (scale*100, chart below).

Source: Bloomberg

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