HUNGARY: Economy Exits Recession as Q4 GDP Rises 0.5% Q/Q

• RES 4: 1.4667 2.0% 10-dma envelope
• RES 3: 1.4539 3.382 proj of the Oct 17 - Nov 1 - 6 price swing
• RES 2: 1.4508 3.236 proj of the Oct 17 - Nov 1 - 6 price swing
• RES 1: 1.4467 High Dec 19 
• PRICE: 1.4367 @ 07:52 GMT Dec 31
• SUP 1: 1.4336 Low Dec 20  
• SUP 2: 1.4277/4103 20- and 50-day EMA values 
• SUP 3: 1.4011 Low Dec 5 
• SUP 4: 1.3928 Low Nov 25 and a key support 

USDCAD bulls remain in the driver’s seat and the pair is holding on to the bulk of its recent gains. The latest pause appears to be a flag formation - a bullish continuation signal. Note too that moving average studies are in a bull-mode position, highlighting a dominant uptrend. Sights are on 1.4508 next, a Fibonacci projection level. Initial firm support to watch lies at 1.42779, the 20-day EMA. A pullback would be considered corrective. 

Gilt Opening call, 92.25.

• Also regarding the timing for the SETT price window, this should happen at 12:13-12:15 (GMT) for Futures and Options.

• RES 4: 0.6471 High Dec 9
• RES 3: 0.6435 50-day EMA               
• RES 2: 0.6384 High Dec 13   
• RES 1: 0.6274/6313 Low Dec 20 / 20-day EMA
• PRICE: 0.6224 @ 07:50 GMT Dec 31
• SUP 1: 0.6199 Low Dec 19 
• SUP 3: 0.6158 1.236 proj of the Sep 30 - Nov 6 - 7 price swing
• SUP 3: 0.6100 Round number support 
• SUP 4: 0.6045 1.500 proj of the Sep 30 - Nov 6 - 7 price swing

AUDUSD bears remain in the driver’s seat and the pair continues to trade closer to latest lows. Recent weakness maintains the price sequence of lower lows and lower highs. Note that moving average studies are in a bear-mode position too, highlighting a dominant downtrend. Scope is seen for an extension towards 0.6158 next, a Fibonacci projection. Initial firm resistance to monitor is 0.6313, the 20-day EMA.