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USD/RUB 1H Chart: Falling wedge in sight

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

[ANNOUNCE] The USD/RUB exchange rate continued to trade within the falling wedge pattern. As apparent on the chart, the rate has already reversed from the lower pattern line at 63.70. [/ANNOUNCE] 

Currently, the currency pair is trading near the upper pattern line at 65.60. From a theoretical point of view, it is expected that a reversal south occurs in the nearest future, and the pair continues to trade within the given pattern. 

Otherwise, a breakout north occurs in the nearest future. A possible upside target is the Fibonacci 23.00% retracement at 67.14.

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