USD/RUB 1H 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)SellSellBuy
SAR(0.02;0.2)SellSellSell
Aggregate

The USD/RUB exchange rate has been trading within a descending triangle pattern since the end of March.  

Given that the currency pair is pressured by the 55-, 100– and 200-hour SMAs near 74.50 area, it is likely that a breakout south from the pattern could occur in the nearest future. In this case the pair could target the monthly S3 at 64.82. 

However, note that the exchange rate could gain support from the monthly S1 at 71.58. If the given level holds, it is likely that a reversal north could occur, and the rate could jump to the monthly R2 at 82.23.

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