USD/HUF may rise 197 - 276 pips

Our pivot point is at 354.23.

Our preference

Rebound towards 358.27.

Alternative scenario

Below 354.23, expect 352.91 and 352.12.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 355.66 and 355.82).

Supports and resistances

359.84 **

359.05 *

358.27 **

357.48

355.51 last

354.75

354.23 **

352.91 *

352.12 **

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