For the last nine months, USD/HUF has been in a downtrend erasing all gains made last year. However, I believe it could change in the second half of the year.
The currency pair reached the key support level of 340 HUF per USD in April. Since then the USD price has been anchored to the level. Before the spring of 2022, the level of 350 was the key resistance...
USD/HUF technical analysis
The worst-performing currency today is the Hungarian forint, down by more than 1% on the day against the USD ( USD/HUF ), as Russian gas disruptions fuelled selling pressures on Central Eastern European currencies.
The latest candlesticks analysis provides a strong bullish signal generated by the three white soldiers pattern. This...
