Published: 2025-03-07T12:34:07.000Z
Chart USD/RUB Update: Consolidating - background studies under pressure
Senior Technical Strategist
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Little change, as prices extend consolidation following the test of congestion resistance at 90.0000
| Levels | Comment | Levels | Comment | |||||
| R4 | 96.5000 | break level | S1 | 88.0000 | break level | |||
| R3 | 95.0000 | * | break level | S2 | 85.4000 | ** | 26 Feb YTD low | |
| R2 | 93.0000 | * | break level | S3 | 85.0000 | ** | congestion | |
| R1 | 90.0000 | ** | congestion | S4 | 82.5300 | ** | Jun 2024 (y) low |
Asterisk denotes strength of level
12:25 GMT - Little change, as prices extend consolidation following the test of congestion resistance at 90.0000. Overbought daily stochastics are unwinding, highlighting potential for a pullback towards 88.0000. But the rising daily Tension Indicator is expected to limit any immediate break in renewed consolidation above the 85.4000 current year low of 26 February. Negative weekly charts point to a later break beneath here, and continuation of November losses. Meanwhile, a close above 90.0000 would turn sentiment cautiously positive and target 93.0000, where fresh selling interest is expected to appear.