USD/HUF is trading at 325.13 (+0.43%), extending its grind higher within an ascending channel as the forint weakens against a broadly stronger dollar. The pair now sits above both the SMA-20 (324.16) and SMA-50 (317.91), confirming the near-term uptrend. Price action remains orderly, with today’s range (322.56 – 325.39) respecting the 20-day dynamic support trendline at 322.39 (274.1 pips below current), which has been ascending at a steady clip. The 20-day dynamic resistance trendline looms at 329.84 (471.8 pips above), though the broader 50-day channel suggests more room to run with resistance at 334.32 (919.1 pips away).

Static levels show immediate support at S1 (321.88, 325.1 pips below) and resistance at R1 (324.30, just 83 pips above), though the latter has already been tested intraday. RSI at 52.2 is neutral, offering no divergence signals to challenge the uptrend. With ATR(14) at 3.66, today’s move is within normal volatility bounds.

The path of least resistance remains higher as long as the pair holds above the 20-day dynamic support (322.39). A break above today’s high (325.39) could accelerate toward the 20-day resistance (329.84), while a reversal below 322.39 would signal exhaustion. Watch for a close above R1 (324.30) to confirm bullish continuation into the European close. The next catalyst is Hungary’s October CPI print—any upside surprise could force the MNB to reconsider its dovish tilt, potentially stalling the forint’s slide.