USD/HUF may rise 177 - 260 pips

Our pivot point stands at 364.09.

Our preference

The upside prevails as long as 364.09 is support.

Alternative scenario

Below 364.09, expect 362.70 and 361.88.

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 365.29 and 365.22).

Supports and resistances

369.72 **

368.90 *

368.07 **

367.24

365.47 last

364.64

364.09 **

362.70 *

361.88 **

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