Chart USD/RUB Update: Prices remain under pressure
Little change, as prices extend consolidation within support at congestion around 80.0000 and the 81.0300 monthly low of 18 March
| Levels | Comment | Levels | Comment | |||||
| R4 | 88.0000 | * | break level | S1 | 81.0300 | ** | 18 Mar (m) low | |
| R3 | 87.1735 | ** | 9 Apr (w) high | S2 | 80.0000 | ** | congestion | |
| R2 | 85.0000 | ** | congestion | S3 | 78.6250 | * | 21 Apr YTD low | |
| R1 | 83.5000 | * | congestion | S4 | 78.5000 | * | historic congestion |
Asterisk denotes strength of level
12:40 BST - Little change, as prices extend consolidation within support at congestion around 80.0000 and the 81.0300 monthly low of 18 March. However, daily readings remain under pressure and broader weekly charts are mixed/negative, suggesting potential for still deeper losses in the coming sessions. A later break below 80.0000 will open up critical support at the 78.6250 current year low of 21 April, with a further close beneath here turning sentiment outright negative and confirming continuation of broad November losses. Meanwhile, resistance remains at congestion around 83.5000. A close above here, if seen, will target further congestion around 85.0000 where fresh selling interest is expected to appear.