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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 ticks higher this morning, breaking above its 312 resistance; next level to watch on the topside stands at 313.10. On the downside , first support stands at 310, followed by 308.50.
- EURHUF continues to retrace higher this morning following yesterday's decision; next resistance to watch on the topside stands at 365. On the downside, first support stands sat 360, followed by 356.60 (200DMA).
- HUFJPY has been retracing lower after failing to break through its 100DMA resistance in recent days; support to watch on the downside stands at 36.48 (200DMA). On the topside, next level to watch above 36.86 (100DMA) stands at 37. (scale*100).
- CZKHUF ticks higher this morning, currently trading slightly below its key resistance at 14.2360, which corresponds to the pair's all time high. On the downside, first support stands at 14.11.
- PLNHUF continues to retrace higher, breaking above the 79 level this week; next resistance to watch on the topside stands at 79.41. On the downside, first support to watch below 79 stands at 78.67.
- GBPHUF continues to trend higher this morning, currently trading slightly above 430. Next resistance to watch on the topside stands at 431.60 (which was the high reached on March 19 when the Covid19 situation was constantly worsening in the CEE region). RSI indicator (14D) currently shows that the pair is 'overbought', and therefore could find resistance below the 431.60 level. On the downside, support to watch stands at 425.70, followed by 420 (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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