4H | 1D | 1W | |
---|---|---|---|
MACD(12;26;9) | Buy | Buy | Buy |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Neutral | Neutral | Neutral |
Alligator(13;8;5) | Buy | Buy | Buy |
SAR(0.02;0.2) | Buy | Buy | Buy |
Aggregate | ⇗ | ⇗ | ⇗ |
The USD/RUB exchange rate has been appreciating within a rising wedge pattern since the end of July.
From a theoretical perspective, it is likely that the currency pair could trade upwards within the following trading sessions. Then, a breakout south could occur, and the pair could target the Fibo 38.20% at 71.85.
Meanwhile, note that the exchange rate is supported by the 55– and 100-period moving averages in the 75.00 area. Thus, some upside potential could continue to prevail in the market.