USD/RUB 1H Chart: Potential surge

Source: Dukascopy Bank SA

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

The US Dollar has been appreciating gradually against the Russian Ruble since late February. The currency pair bounced off the lower boundary of a junior channel on February 28 and has since remained stable and slowly moving north.

Technical indicators suggest that bulls should take a greater hand in the market once again and thus sending the US Dollar higher. In the meantime, the exchange has tested the weekly R1 and made a retracement south.

Everything being equal, the aforementioned scenario should occur if the combined support of the 55– hour simple moving average and the monthly pivot point near 56.89 holds.

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