Several parameters indicate oversold conditions in the USD/HUF

The USD/HUF RSI fell in the 4-hour chart below the 25% mark.

At the same time, the 50 — and 200-SMAs are aligned in the negative, which speaks for a continuation of the downward movement in the USD/HUF. It should be added that the RSI in the 4-hour chart, the 70% mark that has not been visited in a while.

Any bearish impulse should fail to materialise, this could lead to a corrective move upwards.

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