Chart USD/RUB Update: Pressuring strong resistance
Anticipated gains are extending, with prices currently testing levels within resistance at the 80.000 break level and the 80.4500 Fibonacci retracement
| Levels | Comment | Levels | Comment | |||||
| R4 | 82.5000 | * | break level | S1 | 78.5000 | * | congestion | |
| R3 | 81.0000 | * | congestion | S2 | 77.5000 | ** | congestion | |
| R2 | 80.4500 | ** | 61.8% ret of Mar-May fall | S3 | 75.8000 | * | congestion tops | |
| R1 | 80.0000 | ** | break level | S4 | 75.0000 | ** | congestion |
Asterisk denotes strength of level
12:35 BST - Anticipated gains are extending, with prices currently testing levels within resistance at the 80.000 break level and the 80.4500 Fibonacci retracement. Daily reading are improving and broader weekly charts are positive, highlighting room for further strength in the coming sessions. However, a close above 80.4500 is needed to improve sentiment and confirm continuation of late May gains, initially towards congestion around 81.0000. Meanwhile, support is raised to congestion around 78.5000. A close beneath here, if seen, will help to stabilise sentiment and prompt consolidation above further congestion around 77.5000.