USD/HUF is trading at 322.86 (+2.04%), breaking decisively above both the 20-day (313.16) and 50-day (314.29) SMAs, confirming a bullish near-term uptrend. The pair is now testing the 20-day dynamic resistance trendline at 322.81—just 4.2 pips away—within an ascending channel that has supported consistent gains. Should this level hold, a pullback toward the 20-day dynamic support at 312.31 (-1.29%, 1054.4 pips below) could materialize, though the broader 50-day channel remains sideways, with resistance at 320.86 (+1.41%, 199.1 pips above) offering a secondary hurdle.

Static levels show immediate resistance at R1 (318.12), already breached today, with the next cluster at 320.96 (455.8 pips above). Support sits at S1 (314.49), 836.6 pips below, aligning loosely with the 50-day SMA. The RSI at 58.9 suggests neutral momentum, leaving room for further upside before overbought conditions emerge.

The short-term outlook favors continuation of the uptrend, provided the pair sustains above the 20-day dynamic resistance. A close above 322.81 would open a path toward 320.96, while failure here may see a retest of 314.49. Watch for a decisive break of the 20-day channel—either way—to confirm direction. The next catalyst is the ECB’s policy decision tomorrow, which could amplify volatility given HUF’s sensitivity to regional risk flows.