HUNGARY: Orban Comments on Ukraine, EU, Profit Caps During Weekly Interview

• RES 4: 0.5682 High Nov 12 ‘24  
• RES 3: 0.6550 61.8% retracement of the Sep 30 ‘24 - Apr 9 bear leg
• RES 2: 0.6528 High Nov 29 ‘24
• RES 1: 0.6515 High May 7 
• PRICE: 0.6451 @ 08:01 BST May 21
• SUP 1: 0.6362 50-day EMA   
• SUP 2: 0.6275 Low Apr 14    
• SUP 3: 0.6181 Low Apr 11
• SUP 4: 0.6116 Low Apr 10  

AUDUSD is unchanged and remains in consolidation mode. The trend condition is bullish and the May 13 rally signals the end of the recent corrective pullback. Attention is on key resistance at 0.6515, the May 7 high. Note that moving average studies are in a bull-mode position, highlighting an uptrend. A resumption of the trend would open 0.6550, a Fibonacci retracement. Key support lies at 0.6362, the 50-day EMA.

• Gilt calls, these DO NOT take the CPI into account, so will be lower than these calls, given the Sonia strip.
• Range 90.87/90.94

• RES 4: 1.3605 1.382 proj of the Feb 28 - Apr 3 - 7 price swing
• RES 3: 1.3550 High Feb 24 ‘22
• RES 2: 1.3510 1.236 proj of the Feb 28 - Apr 3 - 7 price swing
• RES 1: 1.3469 Intraday high  
• PRICE: 1.3449 @ 07:58 BST May 21
• SUP 1: 1.3282 20-day EMA   
• SUP 2: 1.3140/37 Lows May 12 / 50-day EMA
• SUP 3: 1.3041 Low Apr 14  
• SUP 4: 1.2968 Low Apr 11 

GBPUSD is trading higher and the pair has pierced key resistance and the bull trigger at 1.3444, the Apr 28 / 29 high. A clear break of this hurdle would confirm a resumption of the uptrend and signal scope for an extension towards 1.3510, a Fibonacci projection point. Medium-term trend signals highlight a dominant uptrend - moving average studies are in a bull-mode position. Key support to watch is 1.3137, the 50-day EMA.