USD/RUB 4H Chart: Tax reform breaks pattern

Source: Dukascopy Bank SA

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

The review of the USD/RUB currency pair is being done due to a massive fundamental change.

The new tax reform of the US was passed in the US House of Representatives. That event caused a drop in the worth of the US Dollar. As a result the support of a long term channel up pattern was passed. Following up to that a review of the patterns was done.

It was discovered that the currency exchange rate is now located in a long term channel down pattern. 

Now it can be expected that the 57.70 level will be targeted.

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