7640854 7/12/2017 5:16 PM, USD/HUF intraday: rebound


Our pivot point stands at 267.66.


Our preference

: rebound.


Alternative scenario

: below 267.66, expect 266.78 and 266.26.


Comment

: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the pair stands above its 20 MA (268.29) but below its 50 MA (268.78).


Supports and resistances

:

271.15 **

270.62 *

270.10 **

269.57

268.45 last

268.01

267.66 **

266.78 *

266.26 **