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USDHUF Breaks Below 100DMA Support

HUNGARY
  • EURHUF ticks higher this morning after finding support at the 355 level; a break below that level would have open the door for a move down to 350.90. On the topside, first resistance stands at 357.40 (200DMA), followed by 360.
  • GBPHUF ticks higher this morning after finding a local low at 424.80 earlier; ST support to watch on the downside stands at 419.60 (200DMA). On the topside, first resistance stands at 427.70 (100DMA), followed by 430.
  • HUFJPY tick lower this morning after finding resistance slightly below its 200DMA at 36.53. ST support to watch on the downside stands at 36, followed by 35.90 (100DMA). On the topside, resistance to watch above 36.53 stands at 37 (scale*100).
  • CZKHUF ticks higher this morning, currently trading slightly above its 50DMA at 14.58; next ST support to watch below that stands at 14.50. On the topside, resistance to watch stands at 14.7660.
  • PLNHUF ticks higher this morning after finding support at 77.46; next level to watch on the downside stands at 77. On the topside, first resistance stands at 78, followed by 78.20 (200DMA).
  • USDHUF ticks lower this morning, breaking below its 100DMA (316.50); next ST support to watch on the downside stands at 312.70. On the topside, first resistance stands at 320, followed by 321.40 (50DMA). (see chart).

Source: Bloomberg/MNI

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