USD/RUB 1H Chart: Bullish momentum

Note: This section contains information in English only.
Source: Dukascopy Bank SA

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

The USD/RUB currency pair reversed south from the psychological level at 70.00 and reached another psychological level at 67.00.  

Currently the exchange rate is testing trend line located circa 66.70. If given line holds, it is likely that a reversal north occurs in the nearest future. Potential upside target is the 69.50/70.00 range. Technical indicators for the 1W time frame also support bullish scenario. 

However, this advance might not be immediate as the rate is being pressured by the 55-, 100– and 200-hour SMAs and the rate could re-test the support level located at 66.20.

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