USD/RUB 4H Chart: Reaches target

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

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

The US Dollar has continued to decline against the Russian ruble as expected. The currency exchange rate has reached the previously set target of 56.78.  

The target was chosen as it represents the low level of August 2017. Moreover, it is consisted with various other levels of significance. For example, an inverse Fibonacci retracement level of past high and low levels would be located at that level. 



In regards to the future, Dukascopy analysts expect that the rate will trade rather flat until it reaches the resistance of the upper trend of the active channel down pattern. Afterwards a break out to either side will be possible.

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