USD/HUF may rise 228 - 324 pips

Our pivot point stands at 364.39.

Our preference

The upside prevails as long as 364.39 is support.

Alternative scenario

The downside breakout of 364.39 would call for 362.79 and 361.84.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 364.73 and 364.19).

Supports and resistances

370.85 **

369.90 *

368.95 **

367.99

365.71 last

365.01

364.39 **

362.79 *

361.84 **

Number of asterisks represents the strength of support and resistance levels.