CORRECTED - CEE MARKETS 1-Currencies test key levels, data mixed

                                
 (Corrects BNP Paribas recommendation in paragraph 8)
                                
 * FX rangebound, bounce away from technical levels
                                
 * Zloty seen outperforming
                                
 * Czech trade shows surplus, Hungary's industry down yr/yr
                                
 
                                
 By Marius Zaharia
                                
 BUCHAREST, July 7 (Reuters) - Central European currencies
stabilised on Tuesday, as a shift in risk appetite failed to
weaken them beyond technical support levels, while data in the
Czech Republic and Hungary sent mixed signals.
                                
 Currencies hit multi-month highs last week during a rally
driven by encouraging regional data and an overall improvement
in global sentiment but they suffered a correction on Monday as
regional bourses fell.
                                
 At 0726 GMT the Polish zloty <EURPLN=>, the Hungarian forint
<EURHUF=> and the Czech crown <EURCZK=> were up 0.1-0.2 percent,
while Romania's leu <EURRON=> fell 0.2 percent.
                                
 "There is a barrier at 4.40 for the zloty and at 275 for the
forint," one dealer in Bucharest said. "If they breach it, they
fall further, if not they stabilise."
                                
 Concerns over the depth of Central Europe's economic
slowdown and the impact of the financial crisis on its banks
have driven losses for currencies since last September and
Tuesday data on two of the region's biggest economies was mixed.
                                
 The Czech Republic posted a marginally higher-than-expected
trade surplus [ID:nL7460725] and Hungary's industrial output
fell more than the market consensus [ID:nL7687288].
                                
 "The balance improves but what is important for the Czech
Republic is the dynamics of exports and imports and both fell
significantly," said Radomir Jac from Generali PPF Asset
Management. "For the crown it is mixed news."
                                
 BNP Paribas on Monday recommended selling the Czech crown
against the euro, betting on further interest rate cuts as
exporters come under pressure from the unit's recent strength.
[ID:nL6236797]
                                
 A Reuters poll showed last week the region's major
currencies were still expected to weaken in the short-term, but
were seen firming over a 12-month period with the zloty leading
gains [ID:nL2228966].
----------------------MARKET SNAPSHOT-------------------------
Currency                    Latest   Previous Local    Local
                                
                                  close    currency currency
                                
                                           change   change
                                
                                           today    in 2009 
Czech crown      <EURCZK=>  25,9    25,936    +0,14%   +3,29%
Polish zloty     <EURPLN=>   4,384   4,386    +0,05%   -6,14%
Hungarian forint <EURHUF=> 274,1   274,5      +0,15%   -3,85%
Croatian kuna    <EURHRK=>   7,325   7,32     -0,07%   +0,55%
Romanian leu     <EURRON=>   4,211   4,203    -0,19%   -4,67%
Serbian dinar    <EURRSD=>  92,877  93,163    +0,31%   -3,66%
All data taken from Reuters at 1026 CET.
Currency percent change calculated from the daily domestic 
close at 1600 GMT.
                                
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 (Reporting by Reuters bureaus, writing by Marius Zaharia;
Editing by Patrick Graham)