USD/HUF may rise 279 - 375 pips

Our pivot point stands at 366.60.

Our preference

The upside prevails as long as 366.60 is support.

Alternative scenario

Below 366.60, expect 364.99 and 364.03.

Comment

The RSI is above its neutrality area at 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 367.17 and 367.56).

Supports and resistances

373.90 **

372.94 *

371.98 **

371.02

368.23 last

367.24

366.60 **

364.99 *

364.03 **

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