USD/RUB 4H Chart: Bulls could prevail

Fri, 11 Dec 2020 12:57:30 GMT

Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD(12;26;9) Sell Sell Buy
RSI(14) Neutral Buy Neutral
Stochastic(5;3;3) Neutral Buy Buy
Alligator(13;8;5) Sell Sell Neutral
SAR(0.02;0.2) Sell Sell Sell
Aggregate

Since the end of October, the USD/RUB exchange rate has been trading within a falling wedge pattern.

From a theoretical point of view, it is likely that the currency pair could breach the predetermined pattern south in the nearest future. The pair could target the psychological level at 82.00.

In the meantime, note that the exchange rate is pressured by the 55-, 100– and 200-period moving averages in the 74.85/76.75 range.

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