USD/HUF: Down 0.59% to 312.31 — Ascending Channel
· Forex · MarketsFN Team
USD/HUF: Down 0.59% to 312.31 — Ascending Channel
Published: July 09, 2026 · MarketsFN Team · US Session · Emerging FX
| Pair | Rate | Change | RSI(14) | SMA-20 | SMA-50 | 52W High | 52W Low | Pivot | R1 | S1 |
|---|---|---|---|---|---|---|---|---|---|---|
| USD/HUF | 312.31 | -0.59% | 65.7 | 308.82 | 307.42 | 350.77 | 300.33 | 313.89 | 317.51 | 310.53 |
S/R Support & Resistance Levels
Dynamic Trendlines
| Level | Type | Direction | Distance |
|---|---|---|---|
| 309.15 | 20d Support | up (ascending) | -1.01% / 316.0 pips |
| 318.21 | 20d Resistance | up (ascending) | +1.89% / 590.1 pips |
| 298.62 | 50d Support | flat (flat) | -4.38% / 1369.4 pips |
| 317.34 | 50d Resistance | up (ascending) | +1.61% / 503.0 pips |
Static Levels
| Level | Type | Touches | Distance |
|---|---|---|---|
| 344.84 | Resistance | 2x | +10.11% / 3166.9 pips |
| 332.94 | Resistance | 2x | +6.31% / 1977.4 pips |
| 315.15 | Resistance | 2x | +0.63% / 197.6 pips |
USD/HUF is trading at 312.31 (-0.59%), retreating from yesterday's close of 314.15 but holding firmly above both the 20-day (308.82) and 50-day (307.42) SMAs, confirming the short-term uptrend remains intact. The rate sits within an ascending 20-day dynamic channel, with immediate support at 309.15 (-316.0 pips below current) and resistance at 318.21 (+590.1 pips above). The 50-day channel paints a more neutral picture with flat support at 298.62 (-1369.4 pips) and ascending resistance at 317.34 (+503.0 pips), suggesting consolidation may emerge if the pair fails to breach the 20-day upper bound.
Static levels show the nearest pivot resistance (R1) at 317.51 (+520.0 pips), while support (S1) lies at 310.53 (-178.0 pips). The RSI at 65.7 remains neutral but flirting with overbought territory, indicating limited upside momentum unless fresh catalysts emerge. Today's European session range (312.95-315.75) has already tested the lower bound, with the ATR(14) of 3.70 suggesting typical daily volatility could push the pair toward either static S1 or R1.
Short-term, the ascending 20-day channel favors bulls, but the proximity to neutral RSI and static R1 at 317.51 may cap gains. A break below 310.53 (S1) would signal profit-taking, while sustained trade above 314.15 (yesterday's close) could retest the 20-day dynamic resistance at 318.21. Watch for ECB or MNB policy cues to disrupt the current technical balance.
Disclaimer
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