Technical blow in 4hr USD/RUB chart

The set-back taking place in USD/RUB has resulted in a crossover of the 50-period below the 200-SMA.

Under this signature, the 4hr technical picture for USD/RUB remains fragile. However, the risks for a short-squeeze rally also exist, which may commence upon a decisive daily close above today's open. In this scenario, a degree of supply could materialize with a price reaction to the pivotal level charted through the crossover.

USD/RUB MACD higher lows indicates upside ahead

USD/RUB MACD higher lows indicates upside ahead
Leer más Previous

NZD/USD erases early gains, drops back to 0.7250

The NZD/USD pair faded positive economic data-led bullish spike beyond 0.7300 handle and turned back lower to currently trade back around mid-0.7200s.
Leer más Next