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Technical Analysis: PLNHUF Testing Its 100DMA Support

HUNGARY
  • USDHUF has been retracing lower in the past two days after reaching a local high at 324.10 yesterday, falling below the 320 level this morning; support to watch on the downside stands 318.30. On the topside, next resistance to watch above 324.10 stands at 325.
  • EURHUF has been consolidating lower in the past week, currently trading below 363; next support to watch on the downside stands at 360. On the topside, first resistance stands at 365, followed by 367.30.
  • GBPHUF has been consolidating lower this morning, gradually approaching its 430 support; a break below that level would open the door for a move down to 429. On the topside, key resistance stands at 435.40.
  • CZKHUF has been consolidating lower this week, falling below the 14.40 level this morning; support to watch on the downside stands at 14.28. On the topside, first resistance stands at 14.49, followed by 14.55.
  • HUFJPY consolidated higher this morning, currently trading at the high of its 1W range; next resistance to watch on the topside stands at 36. On the downside, key support stands at 35.40. (scale*100).
  • PLNHUF has been consolidating lower in the past week, currently testing its 100DMA at 77.86; next support to watch on the downside stands at 77.37. On the topside, first resistance stands at 78.30 (200DMA). (chart below).



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