USD/RUB 1H Chart: Pressured by 200-hour SMA

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

The Russian Ruble has been appreciating against the US Dollar since the beginning of January when the exchange rate reversed south from the upper boundary of the symmetrical triangle pattern.  

As apparent on the chart, the currency rate has already reversed north from the lower pattern line at 65.27. From a theoretical point of view, the rate should continue to go upwards within following sessions. A possible upside target is the Fibonacci 23.00% retracement at 67.14. However, the pair has to surpass strong resistance level formed by the 200-hour SMAs.  

If given resistance holds, it is likely that the rate re-test the lower pattern boundary.

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