Published: 2025-04-14T12:19:56.000Z
Chart USD/RUB Update: Leaning lower
Senior Technical Strategist
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Choppy trade above 85.0000 has met selling interest at 87.1735
| Levels | Comment | Levels | Comment | |||||
| R4 | 88.0000 | * | break level | S1 | 81.0300 | ** | 18 Mar YTD low | |
| R3 | 87.1735 | ** | 9 Apr (w) high | S2 | 80.0000 | ** | congestion | |
| R2 | 85.0000 | ** | congestion | S3 | 78.5000 | * | historic congestion | |
| R1 | 83.5000 | * | congestion | S4 | 75.0550 | ** | 61.8% ret of 2022-2024 rally |
Asterisk denotes strength of level
12:45 BST - Choppy trade above 85.0000 has met selling interest at 87.1735, as overbought daily stochastics unwind, with sharp steady losses giving way to a break below 83.5000. Immediate focus is on critical support at the 81.0300 current year low of 18 March and congestion around 80.0000. But mixed/negative weekly charts could limit any initial tests in consolidation, before bearish longer-term charts prompt a break and extend December 2024 losses still further. Meanwhile, resistance is at congestion around 83.5000 and extends to 85.0000. This range should cap any immediate tests higher.