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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 following the CPI release and is currently trading slightly below the 312 level; support to watch on the downside stands at 310, followed by 308.60. On the topside, first resistance stands at 313.20, followed by 315.
- EURHUF ticks higher this morning, gradually approaching its 362 resistance; next level to watch on the topside stands at 363. On the downside, first support stands at 360.
- HUFJPY has been consolidating lower this week, gradually approaching its 36 support; next level to watch below that stands at 35.69. On the topside, first resistance stands at 36.56 (200DMA), followed by 36.65 (100DMA). (scale *100).
- PLNHUF ticks higher this morning, currently trading slightly below the 79 level; next resistance to watch on the topside stands at 79.32. On the downside, first support stands at 78.33 (200DMA).
- CZKHUF continues to reach new record highs amid CZK strength, with the pair gradually approaching the 14.40 level. On the downside, first support to watch stands at 14.20.
- GBPHUF has been retracing higher this week after receiving support at its 50DMA at 419; next resistance to watch on the topside stands at 425, followed by 428.30. On the downside, next support to watch below 419 stands at 415.80. which represents the pair's 200DMA. (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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