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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
- EURHUF has been testing its 352.60 support in recent days; a break below that level would open the door for a move down to 350.90. On the topside, first resistance stands at 355, followed by 357.20 (200DMA).
- GBPHUF ticks lower this morning, currently trading slightly below its 200DMA at 419.74; ST support to watch on the downside stands at 416.60. On the topside, resistance to watch stands at 421.60.
- HUFJPY has testing new highs in the past week; ST resistance to watch on the topside stands at 37.60. On the downside, first support to watch stands at 37.07, followed by 37.
- CZKHUF ticks lower this morning, gradually approaching its ST support at 14.50; a break below that level would open the door for a move down to 14.4220 (50DMA).On the topside, resistance to watch stands at 14.61 (50DMA).
- PLNHUF has been trending higher this week, breaking above its 200DMA at 78.18 this morning. ST resistance to watch on the topside stands at 78.74 (100DMA). On the downside, first support to watch below 78.18 stands at 78.
- USDHUF ticks lower this morning and is currently trading slightly above its LT upward trending support line; a break below that level would open the door for a move down to 306.40 (200DMA). On the topside, first resistance stands at 310, followed by 312.50 (38.2% Fibo retracement of the 282.80 – 330.90 range). (chart below)
Source: Bloomberg
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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