USD/HUF may rise 229 - 303 pips

Our pivot point stands at 361.80.

Our preference

The upside prevails as long as 361.80 is support.

Alternative scenario

Below 361.80, expect 360.55 and 359.81.

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 362.98 and 362.46).

Supports and resistances

367.57 **

366.83 *

366.08 **

365.34

363.05 last

362.29

361.80 **

360.55 *

359.81 **

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