© Dukascopy Bank SA
At the moment, future direction of USD/RUB seems unclear. Market players on the SWFX expect the pair to depreciate in the hours to come – about 70% of all orders are placed to sell the currency couple. Meanwhile, the pair's location suggests that a rapid advance may be the case since the instrument has consolidated above the upper limit of the formation a few hours earlier.
© Dukascopy Bank SA