| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Sell |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇘ |
The US Dollar continues to strengthen against the Russian Ruble in an ascending channel. The latest test of its upper boundary occurred two weeks ago when the pair hit a trend-line and the 50.0% Fibonacci retracement at 58.00.
The Greenback tried to surpass this line once again during the previous session, but was pushed down to the 55-, 100– and 200-hour SMAs and the 38.20% Fibo near 57.35. It seems that bulls have exhausted their upward momentum, thus allowing the pair to move in a diminishing trading range.
Technical indicators suggest that the same period of consolidation might continue during the following session until the bearish sentiment takes over the market and pushes the rate through the bottom channel line near 57.20. A possible near-term target is the 23.60% Fibo which might even mark a turning point for the pair.