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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 has been retracing slightly higher in the past few days, currently trading above the 309 level; ST resistance to watch on the topside stands at 314.50. On the downside, first support stands at 306.40 (200DMA).
- EURHUF has been consolidating gradually lower in the past few days, currently trading slightly above the 353 level. ST support to watch on the downside stands at 352.50, followed by 350.90. On the topside, resistance to watch above 355 stands at 357.30 (200DMA).
- GBPHUF ticks higher this morning and is currently testing its 200DMA at 419.70; a break above that level would open the door for a move up to 421.60. On the downside, first support to watch stands at 416.60.
- CZKHUF ticks lower this morning, currently trading slightly below its 50DMA at 14.60; ST support to watch on the downside 14.50. On the topside, resistance to watch above 14.60 stands at 14.70.
- PLNHUF ticks lower this morning after finding resistance slightly below the 200DMA (78.18) earlier; ST support to watch on the downside stands at 77.40. On the topside, resistance to watch above 78.18 stands at 78.72 (100DMA).
- HUFJPY has been testing the 37.30 level in the past few days after retracing sharply higher last week; next resistance to watch above that stands at 37.60 (Sep 7 2021 high). On the downside, support to watch stands at 37. (scale*100, chart below).
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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