USD/HUF may rise to 381.07 - 386.01

Our pivot point stands at 363.07.

Our preference

The upside prevails as long as 363.07 is support.

Alternative scenario

The downside breakout of 363.07 would call for 354.79 and 349.87.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 363.94 and 358.51).

Supports and resistances

395.91 **

390.96 *

386.01 **

381.07

369.58 last

366.32

363.07 **

354.79 *

349.87 **

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