USD/RUB 1H Chart: Downside potential

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

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

The Russian Ruble has been appreciating gradually against the US Dollar since the beginning of January. This movement has been bounded in the descending channel.  

Given that the currency pair is being pressured by the 55-, 100– and 200-hour SMAs, it is likely that the pair goes downside within following trading sessions. If given channel does not hold, a breakout south occurs in the nearest future. A possible downside target the psychological level at 64.00. 

However, the exchange rate has to surpass important support level formed by the Fibonacci 38.20% retracement at 64.86.

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