USD/HUF may rise to 376.62 - 381.79

358.00 is our pivot point.

Our preference

The upside prevails as long as 358 is support.

Alternative scenario

The downside breakout of 358 would call for 349.35 and 344.21.

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 357.53 and 357.51).

Supports and resistances

392.13 **

386.96 *

381.79 **

376.62

365.07 last

361.39

358.00 **

349.35 *

344.21 **

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