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USDHUF Approaching 354 Support

HUNGARY
  • EURHUF ticks higher this morning after finding support slightly above the 380 level; ST resistance to watch on the downside stands at 387.20, followed by 390. On the downside. Key ST support stands at 380.
  • GBPHUF ticks lower this morning, breaking below the 450 level; ST key support to watch on the downside stands at 441 (100DMA). On the topside, resistance to watch above 450 stands at 455.20.
  • HUFJPY ticks lower this morning after finding resistance at its 100DMA earlier at 35.92. A break above that level would have opened the door for a move up to 36 (200DMA/ 50DMA). On the downside, support to watch stands at 35. (scale *100).
  • PLNHUF tick higher this morning, currently trading at a 1W high; next ST resistance to watch on the topside stands at 84. On the downside, support to watch stands at 83, followed by 82.30.
  • CZKHUF ticks higher this morning after finding support slightly below the 15.50 level; ST resistance to watch on the topside stands at 15.6640. On the downside, key support to watch below 15.50 stands at 15.3130 (50DMA).
  • USDHUF ticks higher this morning after finding support at 354.80 earlier; ST support to watch on the downside stands at 354 (LT upward trending support line). On the topside, resistance to watch stands at 360. (chart below).

Source: Bloomberg/MNI

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