USD/RUB 4H Chart: Two scenarios likely

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Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)BuyNeutralNeutral
Alligator(13;8;5)SellBuyBuy
SAR(0.02;0.2)SellSellBuy
Aggregate⇘⇒⇗

[ANNOUNCE]The US Dollar has declined by 3.10% against the Russian Ruble since April 7. The currency pair breached the 50– period simple moving average during this week's trading sessions.[/ANNOUNCE]

The exchange rate bounced off the lower boundary of an ascending channel pattern on April 14. Most likely, the USD/RUB pair could edge higher within the coming days.

However, if the currency exchange rate breaks the channel pattern, a decline towards the 73.50 level could be expected during next week's trading sessions.

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