USD/RUB 1H Chart: Rising triangle in sight

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

The USD/RUB currency pair has been trading within the rising triangle pattern since the middle of April.  

Currently, the pair is testing the lower pattern line at the 64.65 mark. If the given triangle holds, it is expected, that a reversal north could occur in the nearest future. In this case, the exchange rate should target the upper pattern boundary located at 65.57. 

However, note, that the rate is pressured by the 55-, 100– and 200-hour SMAs. Thus, a breakout south could occur within the following trading sessions. A possible downside target is the psychological level at the 64.00 mark.

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