USDHUF Daily Forecast May 01 2014


    The USDHUF  maintained a bearish momentum yesterday, printed resistance at the 223.55 levels. This development leaves the pair targeting the 219.95  levels where a breach will turn the focus on the 218.80 levels, further downside will aim the 217.50  levels.

    On the upside, resistance comes at the 222.55 levels ahead of 223.55  (main), break of 223.55 levels on a daily basis would recapture the 224.24 levels, If this resistance is taken out, expect the pair to strengthen further towards the 226.40 levels, further upside will aim the 227.54  levels.

    In all, as long as resistance 223.55  holds on a daily closing basis, the outlook in USDHUF   remains on the downside towards the 219.95/218.80  levels, break of 223.55  will reverse risks towards the 224.24/226.40  levels…

    USDHUF Daily Forecast May 01 2014