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Published: 2025-07-22T12:10:21.000Z

Chart USD/RUB Update: Consolidating - studies rising

byMike Macdonald

Senior Technical Strategist
-

Little change, as prices extend consolidation above congestion support at 78.0000

 Levels Comment  Levels Comment
R485.0000**congestion S178.0000 congestion lows
R383.5000*congestion S275.0500**61.8% ret of 2022-2024 rally
R281.0000*break level S374.0250**10 Jul YTD low
R180.0000**congestion S473.0000**congestion

Asterisk denotes strength of level

12:55 BST - Little change, as prices extend consolidation above congestion support at 78.0000. Daily studies are rising and broader weekly charts are also improving, suggesting potential for a drift higher towards congestion resistance at 80.0000. Already overbought daily stochastics, however, should limit any initial break in renewed consolidation beneath 81.0000. Meanwhile, a break  back below 78.0000 will add weight to sentiment. But a further close below 74.0250 is needed to turn price action outright negative, complete a multi-week distribution pattern from May and extend November 2024 losses towards congestion around 73.0000.

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Topics
USD/RUB-TA
Technical Analysis
EEMEA-Technical

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