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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 broke above the 320 level this morning and is currently at the highest level sinceMay 2020; next level to watch above that stands at 322.60. On the downside, first support stands at 316.30, followed by 315.
- EURHUF has been retracing higher in the past week, gradually approaching its 367 resistance; next level to watch above that stands at 369.20. On the downside, first support stands at 365, followed by 363.20.
- GBPHUF continues to retrace higher this morning and is gradually approaching its 430 resistance; a break above that level would open the door for a move up to 435.40. On the downside, first support stands at 424.10, followed by 420.30 (50DMA).
- CZKHUF has been trending sharply higher this month, constantly reach new record highs and currently trading slightly above the 14.50 level. Support to watch on the downside stands at 14.40.
- PLNHUF ticks higher this morning and is currently trading slightly below the 79 level; next resistance to watch above that stands at 79.50. On the downside, first support to watch stands at 78.33 (200DMA).
- HUFJPY broke below its 35.89 support yesterday (50% Fibo of the 33.06 – 38.73 range) and is currently testing its 35.62 level; a break below that level would open the for a move down to 35.22 (61.8% Fibo). On the topside, first resistance to watch above 35.89 stands at 36, followed by 36.48 (50DMA). (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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