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USD/HUF mid-term buyers gaining momentum

On the 4H USD/HUF chart, the MACD has moved above zero denoting an uptrend.

Such a momentum indication, unseen for at least for more that a week, indicates that key price breaks are on the horizon. Likely, momentum traders who had been waiting for this technical signal will likely try to push USD/HUF higher.

AUD/USD: 0.69 in focus, yearly lows - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the Aussie came under selling pressure this Monday, down to 0.7121 against its American rival, weighed by a decreasing business sentiment in China, where the MNI indicator for August fell down to 51.3, whilst July figure was revised down to 56.0 from a previous 57.1.
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China CB Leading Economic Index climbed from previous 0.9% to 1% in August

China CB Leading Economic Index climbed from previous 0.9% to 1% in August
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