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USDHUF Approaching 360 Support

HUNGARY
  • EURHUF has been consolidating lower in the past week but continues to trade above the 380 level; ST support to watch below that stands at 376.40 (50DMA). On the topside, resistance to watch stands at 390, followed by 393.10.
  • USDHUF continues to consolidate lower this morning, gradually approaching its 360 support. Next level to watch on the downside stands at 353.20. On the topside, resistance to watch stands at 369.

Source: Bloomberg/MNI

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  • EURHUF has been consolidating lower in the past week but continues to trade above the 380 level; ST support to watch below that stands at 376.40 (50DMA). On the topside, resistance to watch stands at 390, followed by 393.10.
  • USDHUF continues to consolidate lower this morning, gradually approaching its 360 support. Next level to watch on the downside stands at 353.20. On the topside, resistance to watch stands at 369.

Source: Bloomberg/MNI