Published: 2025-05-28T12:00:19.000Z
Chart USD/RUB Update: Cautious trade - background studies under pressure
Senior Technical Strategist
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Little change in recent sessions
| Levels | Comment | Levels | Comment | |||||
| R4 | 85.0000 | ** | congestion | S1 | 78.6250 | * | 21 Apr YTD low | |
| R3 | 83.5000 | * | congestion | S2 | 78.5000 | * | historic congestion | |
| R2 | 81.0000 | * | break level | S3 | 75.0500 | ** | 61.8% ret of 2022-2024 rally | |
| R1 | 80.0000 | ** | congestion | S4 | 74.8450 | ** | May 2023 low |
Asterisk denotes strength of level
12:20 BST - Little change in recent sessions, as prices extend cautious trade, now capped by congestion resistance at 80.0000. Daily readings are edging higher, suggesting potential for a retest above here towards 81.0000. But negative weekly and longer-term charts are expected to limit any further break beyond here in renewed selling interest beneath 83.5000. Meanwhile, support is at the 78.6250 current year low of 21 April. A further close beneath here would turn sentiment outright negative and confirm continuation of broad November losses towards the 75.0500 Fibonacci retracement.