USD/RUB 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
USD/RUB has followed a bullish trend since the end of October when the currency pair formed a channel up pattern that may be breached before long. Several hours ago, the pair jumped above the pattern's resistance and remained above this significant level for two hours; however, the instrument fell off in vigour and tumbled below the pattern's resistance, questioning whether the breakout was real. In case the pair manages to overcome the current weakness, it may re-target pattern's resistance that represents a major hindrance for an accelerating appreciation of the pair.
© Dukascopy Bank SA
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