Chart USD/RUB Update: Prices remain under pressure
No change to the bearish tone, with the anticipated extension of mid-March losses currently pressuring congestion around 76.0000
| Levels | Comment | Levels | Comment | |||||
| R4 | 80.0000 | * | break level | S1 | 76.0000 | * | congestion | |
| R3 | 79.0000 | ** | congestion | S2 | 75.0500 | ** | 76.4% ret of 2022-2024 rally | |
| R2 | 78.0000 | * | congestion | S3 | 74.0250 | ** | 10 Jul 2025 (y) low | |
| R1 | 77.0000 | ** | congestion | S4 | 73.9800 | * | late-Feb 23 (w) low |
Asterisk denotes strength of level
13:25 BST - No change to the bearish tone, with the anticipated extension of mid-March losses currently pressuring congestion around 76.0000. Beneath here is the 75.0500 multi-month Fibonacci retracement. But already oversold daily stochastics could limit any initial tests in short-covering/consolidation, before the bearish daily Tension Indicator and deteriorating weekly charts prompt a break. A close beneath here will open up critical support at the 74.0250 year low of 10 July 2025, where fresh short-covering/consolidation is expected to appear. Meanwhile, resistance is lowered to congestion around 77.0000. A close above here would help to stabilise price action and prompt consolidation beneath 78.0000.