Published: 2025-07-29T12:10:52.000Z
Chart USD/RUB Update: Extending July gains
Senior Technical Strategist
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The break above 81.0000 has reached 82.6100
| Levels | Comment | Levels | Comment | |||||
| R4 | 89.1800 | ** | 38.2% ret of Jan-Jul fall | S1 | 81.0000 | * | break level | |
| R3 | 87.1735 | * | 9 Apr (w( high | S2 | 80.0000 | ** | congestion | |
| R2 | 85.0000 | ** | congestion | S3 | 78.0000 | congestion lows | ||
| R1 | 83.5000 | * | congestion | S4 | 75.0500 | ** | 61.8% ret of 2022-2024 rally |
Asterisk denotes strength of level
13:00 BST - The break above 81.0000 has reached 82.6100, where overbought intraday studies are prompting short-term reactions. Daily readings continue to track higher and broader weekly charts are positive, highlighting room for continuation of July gains in the coming sessions. Focus is on congestion resistance at 83.5000. But already overbought daily stochastics are expected to limit any immediate break in consolidation beneath further congestion around 85.0000. Meanwhile, support is down to congestion around 80.0000. A close beneath here, if seen, will turn sentiment neutral and prompt fresh consolidation above the 78.0000 congestion lows.