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BTP TECHS

(Z1) Erodes Support

BONDS

Off Lows

GILT TECHS

(Z1) Remains Heavy

INDIA

Indian Issuance Plan Looms

SCHATZ TECHS

(Z1) Trend Conditions Remains Bearish

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  • USDHUF has consolidated by 7 figures since its high of 307.70 reached on Tuesday and is gradually approaching its 300 support; a break below that level would open the door for a move down to 298.50 (200DMA). On the topside, first resistance stands now at 305.
  • EURHUF ticks higher this morning after finding a local low at 357.40 yesterday; first resistance to watch on the topside stands at 358.40, followed by 360. On the downside, first support stands at 356.70 (100DMA), followed by 355.
  • GBPHUF has been consolidating lower in the past few days after finding a local high at 424.60 on Wednesday; next support to watch on the downside stands at 417.40, followed by 414.70 (100DMA). On the topside, first resistance to watch above 424.60 stands at 427.50.
  • CZKHUF has been consolidating lower in the past few days, gradually approaching its 14 support level; next key support to watch on the downside stands at 13.87 (100DMA). On the topside, key resistance stands at 14.15, which corresponds to the pair's all-time high.
  • PLNHUF ticks lower this morning after failing to break through its 100DMA earlier; supports to watch on the downside stand at 77.98 (50DMA) followed by 77.54. On the topside, first resistance to watch above 78.40 (100DMA) stands at 79.
  • HUFJPY has been trending higher in the past few days after receiving support at its 200DMA earlier this week; next resistance to watch on the topside stands at 36.57 (38.2% Fibo retracement of the 33.03 – 38.75 range), followed by 36.82 (100DMA). On the downside, first support stands at 36, followed by 35.91 (200DMA). (scale*100, chart below).

Source: Bloomberg/MNI