Upside vulnerability in USD/HUF

From an hourly perspective, the USD/HUF has reached its lowest momentum reading of the last 20 days of trading.

Moreover, the recent plummeting USD/HUF price action has been highlighted by an above-average reading in the MACD histogram.

While these momentum extremes could migrate to higher time frames, the latest hourly MACD print shows dissipation of speed, thus communicating risks of a immediate upside vulnerability.

US Dollar weaker, breaks below 98.00

The US Dollar Index – which tracks the buck vs. its main rivals – is losing further ground on Tuesday, breaking below the key support at 98.00 the fig
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USD/JPY bullish above 104.00 – UOB

Strategists at UOB Group have noted the bullish outlook on USD/JPY as long as it remains above 104.00. Key Quotes “USD rebounded to a high of 105.22
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