Chart USD/RUB Update: Cautious trade
Cautious trade, as prices extend consolidation within the 76.0000 - 77.0000 range
| Levels | Comment | Levels | Comment | |||||
| R4 | 79.0000 | * | break level | S1 | 76.0000 | * | congestion | |
| R3 | 78.0000 | * | break level | S2 | 75.0500 | ** | 61.8% ret of 2022-2024 rally | |
| R2 | 77.5000 | * | congestion | S3 | 74.0250 | ** | 10 July 2025 (y) low | |
| R1 | 77.0000 | * | congestion | S4 | 73.0000 | break level |
Asterisk denotes strength of level
12:45 GMT - Cautious trade, as prices extend consolidation within the 76.0000 - 77.0000 range. Daily readings are mixed/negative, suggesting room for a test down to congestion support at 76.0000. But rising weekly charts should limit any break in renewed consolidation/buying interest above the 75.0500 Fibonacci retracement. Longer-term charts are mixed/negative. But a close below critical support at the 74.0250 year low of 10 July is needed to turn sentiment negative and confirm continuation of November 2024 losses. Meanwhile, resistance is at congestion around 77.0000 and extends to 77.5000. This range should cap any immediate tests higher. A close above here, however, would improve price action and open up a test of 78.0000.