USD/RUB 4H Chart: Two scenarios likely

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellNeutralBuy
SAR(0.02;0.2)BuySellSell
Aggregate

Since the middle of September, the USD/RUB currency pair has been trading upwards within an ascending channel.  

From a theoretical point of view, it is likely that the exchange rate could reverse north from the lower channel line in the short term and target the upper channel line located circa 81.00. Then, a reversal south could follow. 

In the meantime, note that the currency pair is pressured by the 55-, 100– and 200-period moving averages in the 77.10/77.90 area. Thus, a breakout south could occur, and the pair could decline to the Fibo 38.20% at 71.85.

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