Published: 2024-03-27T12:46:27.000Z
Chart USD/RUB Update: Cautious trade - daily studies leaning lower
Senior Technical Strategist
2
Little change, as prices extend cautious trade
| Levels | Comment | Levels | Comment | |||||
| R4 | 95.4750 | * | 23 Feb YTD high | S1 | 92.0000 | * | congestion | |
| R3 | 95.0000 | ** | congestion | S2 | 90.0000 | * | congestion | |
| R2 | 94.5925 | ** | 50% ret of Oct-Jan fall | S3 | 88.0000 | * | congestion | |
| R1 | 93.5575 | * | 22 Mar (w) high | S4 | 87.0270 | ** | 21 Nov (m) low |
Asterisk denotes strength of level
12:35 GMT - Little change, as prices extend cautious trade following the run to the 93.5575 weekly high of 22 March. Daily readings are mixed/negative, highlighting potential for a test lower in the coming sessions. However, mixed weekly charts are expected to limit any initial losses in fresh consolidation above strong support at congestion around 90.0000. Meanwhile, a break above 93.5575 would improve sentiment and open up critical resistance within 94.5925 - 95.4750. A close above here, if seen, will turn sentiment positive and confirm continuation of January gains from 86.6350.