Wed, 15 Jan 2014 12:34:44 GMT
USD/RUB 4H Chart: Rising Wedge
Despite the regular intermissions between the trading sessions, USD/RUB has managed to form a high-quality rising wedge pattern, meaning the currency pair is on the verge of a sharp decline in the nearest future. Another argument in favour of the strong sell-off from here is current rate's proximity to the highs seen early September.Accordingly, we should not expect a rebound