USD/RUB 1H Chart: Rising Wedge

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
During the last two days, USD/RUB was appreciating, exceeding important resistance levels at its long and short-term SMAs that now act as support regions.
Currently, the pair came close but did not quite approach its 50-hour SMA at 33.2148. If the pair slips through this level, it will slide to its 200-hour SMA at 33.1017 and, if breached, USD/RUB would meet traders' expectations, who are bearish in 63.64% of cases, falling to the next support zone at 33.0673, a decline below which will amplify depreciation of the pair.
© Dukascopy Bank SA
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