USD/HUF may rise to 371.76 - 377.57

351.21 is our pivot point.

Our preference

Our next up target stands at 377.57.

Alternative scenario

Below 351.21, expect 341.48 and 335.69.

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 trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 354.88 and 358.99).

Supports and resistances

389.19 **

383.38 *

377.57 **

371.76

359.46 last

355.04

351.21 **

341.48 *

335.69 **

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