USD/RUB 4H Chart: Short-term advance expected

Note: This section contains information in English only.
Source: Dukascopy Bank SA
4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate

The USD/RUB exchange rate has been appreciating within a rising wedge pattern since the end of July.  

From a theoretical perspective, it is likely that the currency pair could trade upwards within the following trading sessions. Then, a breakout south could occur, and the pair could target the Fibo 38.20% at 71.85. 

Meanwhile, note that the exchange rate is supported by the 55– and 100-period moving averages in the 75.00 area. Thus, some upside potential could continue to prevail in the market.

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