Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Sell | Buy | Buy |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Neutral | Neutral | Neutral |
Alligator (13; 8; 5) | Sell | Buy | Buy |
SAR (0.02; 0.2) | Sell | Buy | Sell |
Aggregate | ⇒ | ⇒ | ⇗ |
The Russian Ruble is continuing to depreciate against the US Dollar in the medium-term ascending channel.
The USD/RUB currency pair has been trying to surpass the local support level at 66.20 since the end of November. At the same time the pair has been facing strong resistance—the Fibonacci 23.00% at 67.14.
Technical indicators for the 1W time frame suggest that the pair breaches given resistance and targets the upper channel line located circa 69.00.
It is the unlikely case that some bearish momentum prevails, and the exchange rate should not breach given channel south.