USD/RUB 1H Chart: Falling wedge in sight

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyNeutralSell
SAR(0.02;0.2)SellBuySell
Aggregate

The USD/RUB exchange rate continued to trade within the falling wedge pattern. As apparent on the chart, the rate has already reversed from the lower pattern line at 63.70.  

Currently, the currency pair is trading near the upper pattern line at 65.60. From a theoretical point of view, it is expected that a reversal south occurs in the nearest future, and the pair continues to trade within the given pattern. 

Otherwise, a breakout north occurs in the nearest future. A possible upside target is the Fibonacci 23.00% retracement at 67.14.

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