USD/RUB 4H Chart: Breaks Previous Support

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Sell Neutral Neutral
Stochastic (5; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

The USD/RUB has been monitored constantly by the Dukascopy analysts. Due to a recent development and update to the situation has pressed for the need to be posted.  

If one has not been following the updates the short description is that the pair recently hit a dominant support level near 57.00 and rebounded. However, the rebound has been slowed down by the support turned resistance of the previously active and long ago abandoned junior ascending channel pattern. 

Most recently that resistance was broken, and the rate has set its course for new high levels, as the 50.00% Fibonacci retracement level at the 58.36 mark is in sight. Moreover, a new ascending pattern is likely to reveal itself.

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