USD/RUB 1H Chart: Upside potential could prevail

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Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuySellBuy
RSI(14)SellNeutralNeutral
Stochastic(5;3;3)SellSellNeutral
Alligator(13;8;5)BuyNeutralNeutral
SAR(0.02;0.2)BuyBuySell
Aggregate⇒⇒⇒

[ANNOUNCE] The USD/RUB currency pair has been extending gains gradually since the beginning of June after it reversed north from the 68.00 level. [/ANNOUNCE] 

Given that the exchange rate is supported by the 55-, 100– and 200-hour moving averages, it is likely that some upside potential could continue to prevail in the market. A possible upside target is the Fibo 23.60% at 75.68.  

Meanwhile, note that the currency pair would have to exceed the Fibo 38.20% at 71.85. If the given level holds, it is likely that the pair could consolidate in the medium term.

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