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USDHUF Rejects 100DMA Resistance

HUNGARY
  • EURHUF retraced lower yesterday after rejecting its 200DMA (357.30); the pair is currently trading slightly above its 355 support. Next level to watch on the downside stands at 352.40. On the topside, resistance to watch above 357.30 stands at 360.
  • USDHUF has been retracing lower in recent days after finding resistance at 317.50 yesterday; ST support to watch on the downside stands at 310, followed by 307.45 (200DMA). On the topside, resistance to watch above 317.50 stands at 320.

Source: Bloomberg/MNI

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