USD/RUB 1H Chart: Falling Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
A falling wedge with a strong upper and weaker lower boundary led USD/RUB south for a couple of weeks or so and managed to show some solid bullish potential with amplitude diminishing on the downside. The pair has been sticking to the upper boundary of the pattern and looks like it might be broken rather soon if not immediately. Monday, however, opened in the red zone, suggesting that one more tap at the bottom boundary of 55.69 might come before a bullish reversal. Immediate support lies at 55.94/91 and will be tested if the pair does indeed go down before the ultimate rally.
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