USD/RUB 4H Chart: Short-term advance expected

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Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuySellBuy
Aggregate

The USD/RUB currency pair has been appreciating since the end of June after it reversed north from the Fibo 50.00% at 68.84.  

Given that the exchange rate is guided by an ascending trend line, it is likely that some upside potential could prevail in the market in the nearest future. In this case the rate could target the psychological level at 78.00. 

In the meantime, note that the currency pair would have to exceed the Fibo 23.60% at 75.76. If the given resistance holds, it is likely that a reversal south could occur.

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