USD/HUF may rise 169 - 244 pips

366.69 is our pivot point.

Our preference

Rebound towards 370.34.

Alternative scenario

Below 366.69, expect 365.45 and 364.71.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 368.05 and 368.41).

Supports and resistances

371.82 **

371.08 *

370.34 **

369.59

367.90 last

367.18

366.69 **

365.45 *

364.71 **

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