USD/HUF may rise 147 - 219 pips

Our pivot point stands at 358.78.

Our preference

Our next up target stands at 362.47.

Alternative scenario

Below 358.78, expect 357.58 and 356.87.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 360.08 and 360.14).

Supports and resistances

363.90 **

363.18 *

362.47 **

361.75

360.28 last

359.26

358.78 **

357.58 *

356.87 **

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