USD/RUB 1H Chart: Upside potential could prevail

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

The USD/RUB currency pair breached the falling wedge pattern at the end of April and reached the psychological level at the 65.60 mark.  

Given that the pair is supported by the 55-, 100– and 200-hour SMAs, currently located in the 64.68/65.20 range, it is expected, that some upside potential could prevail in the market. However, the pair has to surpass the resistance level –the monthly R1 at 65.77. 

If the given resistance holds, it is likely, that the exchange rate could reverse south and decline to the monthly S1 located at the 63.58 mark.

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