Published: 2025-07-22T12:10:21.000Z
Chart USD/RUB Update: Consolidating - studies rising

Senior Technical Strategist
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Little change, as prices extend consolidation above congestion support at 78.0000
Levels | Comment | Levels | Comment | |||||
R4 | 85.0000 | ** | congestion | S1 | 78.0000 | congestion lows | ||
R3 | 83.5000 | * | congestion | S2 | 75.0500 | ** | 61.8% ret of 2022-2024 rally | |
R2 | 81.0000 | * | break level | S3 | 74.0250 | ** | 10 Jul YTD low | |
R1 | 80.0000 | ** | congestion | S4 | 73.0000 | ** | 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.